Allianz Life’s new binary indexed annuity: A remedy for RMDs
April 9, 2019 by Editorial Staff
Affluent retirees perennially complain about the chore and sting of taking taxable required minimum distributions (RMDs) from their 401(k)s, 403(b)s or traditional IRAs after age 70½. For those who don’t happen to need the money for current income, the RMD means nothing but confusing paperwork and an unwelcome tax bill.
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Originally Posted at Retirement Income Journal on April 4, 2019 by Editorial Staff.
Categories: Industry Articles