19-Aug-21
Qualified Longevity Annuity Contracts
Take-Away: The purchase of a qualified longevity annuity contract using an IRA’s assets is not a wise move just to delay taking, or reducing, required minimum distributions. Background: Several years ago Congress amended the Tax Code to permit the use of a portion of an IRA or 401(k) account to purchase a qualified longevity annuity contract. […]
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