Can You Fund an Annuity With RMD ...
Can You Fund an Annuity With RMD Money?

Retire For Less With The Annuity Expert por Shawn Plummer

Notas del episodio

Are you being forced to take a Required Minimum Distribution (RMD) from your retirement account, even though you don't actually need the cash to live on? Instead of letting that money sit in a taxable bank account, what if you could shield its future growth from the IRS?

In this video, Shawn Plummer from The Annuity Expert answers whether you can use your RMD money to fund a brand-new annuity. The answer is yes! Shawn explains the exact step-by-step strategy: you take your RMD, pay the required taxes on that distribution, and use the remaining funds to purchase a Non-Qualified Fixed or Fixed Index Annuity. Because the money is now in a non-qualified annuity, all of your new interest grows 100% tax-deferred for the rest of your life!

Shawn also explains how "Spousal Continuance" allows your surviving spouse to take over the contract an ... 

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