Use of annuities to cut required minimum distributions calls for planning

The ability of annuities held within individual retirement accounts to reduce required minimum distributions is a valuable benefit, but it can be a complicated one of execute, according to William H. Byrnes and Robert Bloink. "Because a separate set of rules governs each individual type of annuity that may be held within an IRA for RMD purposes, it is important that the advisor carefully examine the proposed annuity purchase," they write.

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