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Annuity FAQ #25 What About Required Minimum Distributions? How Will That Work?

IQ Wealth Management | Steve Jurich | Scottsdale Financial Planner
22 subscribers
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What About Required Minimum Distributions? How Will That Work? What about required minimum distributions? how will it work if i'm using an annuity from my IRA? in financial planning there are milestones when to finally take money out of an IRA or an annuity without paying penalties. At 59 and a half you can finally take money out of an IRA. You could also get a reverse mortgage subject to required minimum distributions and the percent that you need to take out from your account every year that percentage goes off every year. This creates a great deal of stress because if you don't take enough out the penalty that's a stiffest penalty. At 62 you can start collecting social security. So people stress out about it. One of the things that we do for our clients is set up a income stream coming out of your IRAs by utilizing an annuity that covers your rmds and oftentimes can cover rmds that for other IRAs because there is a rule called the aggregatio …...more
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Annuity FAQ #25 What About Required Minimum Distributions? How Will That Work?
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2017Oct 27
What About Required Minimum Distributions? How Will That Work? What about required minimum distributions? how will it work if i'm using an annuity from my IRA? in financial planning there are milestones when to finally take money out of an IRA or an annuity without paying penalties. At 59 and a half you can finally take money out of an IRA. You could also get a reverse mortgage subject to required minimum distributions and the percent that you need to take out from your account every year that percentage goes off every year. This creates a great deal of stress because if you don't take enough out the penalty that's a stiffest penalty. At 62 you can start collecting social security. So people stress out about it. One of the things that we do for our clients is set up a income stream coming out of your IRAs by utilizing an annuity that covers your rmds and oftentimes can cover rmds that for other IRAs because there is a rule called the aggregation rule the ocf for different IRAs one of them is an annuity and the other three are in mutual funds. We may be able with the income rider to cover your entire rmds for the other anu i ra s as well and now you can take away the stress and the worry you've got your required minimum distributions on autopilot that's something we like to do for our clients. We like our clients to feel secure and reduce their stress reduce their costs and reduce their taxes any way we can. ------------------------------------------- Scottsdale Financial Planner - IQ Wealth subscribe to our channel https://goo.gl/8E73gS https://www.iqwealthmanagement.com/ ------------------------------------------------------------ Exactly what is an annuity? An annuity is a contract with a certified, audited and regulated insurer to supervise your loan and pay it back to you with interest in among 3 methods: ❇️ Through Steady Withdrawals Of 5% To 10% Per Year ❇️ Through An "Annuitization" (Converting Your Lump Sum To A Stream Of Lifetime Payments Backed By The Reserves Of The Company) ❇️ Cashing Out: Simply As You Would With A Bank Account Or Mutual Fund. Annuities resemble mutual funds or bank CDs in the sense that you are putting funds with a certified trustee. They vary significantly from mutual funds and CDs by virtue of that an annuity can be utilized to develop ensured life time earnings for 2 partners, similar to a pension from work. An annuity is not a market-traded possession likes stocks and mutual funds. Annuities are agreements for particular efficiency, which is a significant advantage to retired people. We're easily situated in Scottsdale near the 101 and Via De Ventura, near the Gainey Ranch Hyatt Regency Annuities are comparable to mutual funds or bank CDs in the sense that you are positioning funds with a certified trustee. An annuity is not a market-traded property likes stocks and mutual funds. Summary Annuities are comparable to mutual funds or bank CDs in the sense that you are positioning funds with a certified trustee. An annuity is not a market-traded property likes stocks and mutual funds. --------------------------------------------------------- We’re conveniently located in Scottsdale near the 101 and Via De Ventura, close to the Gainey Ranch Hyatt Regency Mailing address: IQ Wealth Group 7702 E Doubletree Ranch Road Suite 300 Scottsdale, AZ 85258 Local: PHX/Scottsdale (480) 902-3333 Full service, securities, life insurance, annuities Local: LA (310) 707-7047 Insurance and annuities only Toll Free: (888) 310-1776 Fax: (866) 872-1700 --------------------------------------------- Appointment Scheduling: (480)628-5154 Barb Email: Steve@IQWealthGroup.com Barb@IQWealthManagement.com ---------------------------------------------- Watch our most recent video https://goo.gl/4uxLzT ~-~~-~~~-~~-~ Please watch: "FAQ 1 I Really Don T Know Much About Annuities Are There Different Types"    • FAQ 1  I Really Don't Know Much About...   ~-~~-~~~-~~-~ Watch our next FAQ video    • FAQ 1  I Really Don't Know Much About...  

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IQ Wealth Management | Steve Jurich | Scottsdale Financial Planner

22 subscribers