[rogerKY]

I recently cashed out a fixed annuity, paid the administrative fee and rolled a portion into another annuity. I still have 1/4 of the cash left and would like to roll it to CDs. Am I allow to do this with no penalities if done within 60 days and how do I designate a CD as a roll over account?

Any advice where to go for investment CDs? Thanks for any assistance.

[walt17]

In order to avoid taxes you would have to roll it into an IRA. Most banks have an investment counselor. They would be able to give you the specific answer that you need and handle the paperwork.