If you live beyond age 87, you would still receive the same level annuity payments, but these payments would no longer keep pace with the increasing RMD withdrawal schedule required for IRAs.Due to these complexities, the IRS has decided that if you annuitize your IRA monies you are ...
Example #1: Ashley is 75 years old and is the owner of a single Traditional IRA. For 2018, the required minimum distribution for his IRA account was correctly calculated at $10,000, but Ashley failed to take that distribution before the end of the year. He is, therefore, subject to pena...