Can you rollover an IRA into an annuity without any penalties?

Yes, you can roll over an IRA into an annuity without incurring penalties, provided the transfer is done as a direct rollover. This means the funds are moved directly from the IRA custodian to the annuity provider without the account holder taking possession of the money. However, it's essential to ensure that the annuity meets IRS requirements and that you follow the proper procedures to avoid taxes or penalties. Always consult a financial advisor for personalized guidance.