How to Defer RMDs an Additional 12 Years & Reduce Your RMD Calculation by $200k‼️

(don’t forget to checkout the video of this blog too)

One of big concerns for folks going into retirement is TAXES.

With most people having the bulk of their retirement savings in a taxable environment…

This can create a significant problem.

Especially when RMD’s kick in (at age 73).

This is when you are FORCED to start liquidating your taxable retirement accounts…

Even if you don’t need this as retirement income (you still have to take it).

But, what if there was a way to remove $200k from this calculation⁉️

AND, ensure that it protected you against longevity as well….

Well, there is‼️

It’s called a QLAC, or a qualified longevity annuity contract.

There are many benefits to annuities.

The big ones are that they protect a portion of your portfolio from market volatility and they create a guaranteed, lifetime income in retirement.

Which a lot of retirees value!

But, moving $200k into a QLAC ALSO reduces your total balance of “taxable” retirement income subject to RMDs.

This can be especially useful if you have more money than you need in retirement.

It helps you continue to defer taxes on a large chunk of your retirement savings from ages 73–85.

So now $200k of your savings is NOT subject to RMDs!

Which can reduce your taxes in retirement significantly….

AND provide longevity insurance (if you live longer than expected).

So not only are you kicking the tax can down the road….

But you also have a growing source of lifetime income that you can delay as long as you would like (even until age 85)…

Further ensuring that you will never run out of money in retirement!

Let’s Chat 💬😎