Depends on whether you have Flex or Retirement Flex. Flex is taxable as you go — the interest credited to your annuity each year counts as taxable income whether or not you touch it. Retirement Flex is tax-deferred, so you don't owe anything until you withdraw, and then it follows the rules of whichever type you picked (Traditional, Roth, or Non-Qualified). Since this affects your tax return directly, talk to a tax advisor about how it lands for you specifically.

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It depends on which type of Retirement Flex account you have. In all cases, “growth” below means the interest your money earns over time — separate from the amount you originally deposited.

• Traditional IRA-style: new contributions may get you a tax deduction; money rolled over from another Traditional IRA, 401(k), SEP, or 403(b) isn’t a new deductible event, since it was already pre-tax. Either way, growth isn’t taxed while it’s in the account, and you generally pay ordinary income tax on everything you take out later.
• Roth IRA-style: you don’t get a deduction. New contributions, and rollover money from a Roth IRA or 401(k), are money you’ve already paid tax on. Qualified withdrawals, including all your growth, come out completely tax-free, but “qualified” generally means you’re 59½ or older and at least 5 years have passed since you first contributed to any Roth IRA (time in a Roth 401(k) won’t count). Withdrawals that don’t meet both conditions may mean you owe tax and a penalty on the growth portion.
• Non-Qualified: new contributions are money you’ve already paid tax on. Growth isn’t taxed while it’s in the account, but the growth portion is taxed as ordinary income when you withdraw (your original contributions aren’t, because you already paid tax on those). Withdrawals are generally treated as coming from growth first, so they’re taxable until all your growth has been withdrawn. If your money came in through a 1035 exchange, any gain that was still tax-deferred in the prior contract follows this same rule — it stays tax-deferred until you withdraw it (your basis in that prior contract stays tax-free too).

Which of these actually applies to you depends on your specific situation, so it’s worth confirming with a tax advisor. Withdrawals of taxable amounts from Retirement Flex are subject to ordinary income tax and, if taken before age 59½, may be subject to a 10% federal income tax penalty.

With Flex, you pay tax on your interest in the year it’s credited. With Retirement Flex, you don't pay tax until you take money out.

Flex works similarly to the way a savings account or CD held outside a retirement account does. You'll receive a 1099-OID tax form each year reporting the interest credited to your annuity.

With Retirement Flex, how a withdrawal is taxed depends on where your money came from and your age. For money that wasn’t in a retirement account, you pay tax on the interest when you withdraw it. For traditional or SEP IRA money, withdrawals are generally taxed in full, and required minimum distributions may apply. For Roth IRA money, qualified withdrawals are generally tax free. An IRS penalty can apply to withdrawals before age 59½.

This isn’t tax advice. Your tax advisor can tell you what applies to your situation.

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Depends on whether you have Gainbridge: Flex^SM or Gainbridge: Retirement Flex^SM. Flex is taxable as you go — the interest credited to your annuity each year counts as taxable income whether or not you touch it. Retirement Flex is tax-deferred, so you don't owe anything until you withdraw, and then it follows the rules of whichever type you picked (Traditional, Roth, or Non-Qualified). Since this affects your tax return directly, talk to a tax advisor about how it lands for you specifically.

You can move money in from a Traditional IRA, SEP IRA, 401(k), or 403(b), which lands in a Retirement Flex account registered as a Traditional IRA. Roth money (Roth IRA or Roth 401(k)) goes into a Roth IRA-type Retirement Flex account.

Note: most employer 401(k) and 403(b) plans only allow you to roll money out after you've separated from that employer (some allow in-service rollovers, often starting at age 59½). Check with your plan administrator on your specific plan's rules.

A direct, trustee-to-trustee transfer typically avoids triggering tax. Confirm the specifics with a tax advisor before you move anything.