One of the benefits of purchasing a longevity annuity with nonqualified funds is that these annuities aren’t subject to RMDs. Therefore, you can start income at any age you want rather than at the maximum age of 73 as is the case when using qualified funds. The taxes on the ...
Designated beneficiaries of inherited retirement accounts are subject to the 10-year rule. This means the remaining balance held by the inherited account must be withdrawn within 10 years following the account holder's death. There are norequired minimum distributions (RMDs)for any given year, and ...