Tuesday, July 14, 2015
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Northwestern Mutual Launches New ‘Longevity Annuity’
Prior to 2014, investors with traditional IRAs and qualified plans were subject to required minimum distributions beginning at age 70½. However, a new Treasury Department ruling regarding' longevity annuities' lets investors postpone some of their RMDs if they use qualified retirement dollars to instead purchase a longevity annuity or QLAC.
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