Thanks to the SECURE 2.0 Act of 2022, your annuity payments may count toward your required minimum distribution (RMD), depending on the type of annuity you have and the money you used to purchase it.
To calculate the payout from a $750,000 annuity, consider factors including your age and annuity type. The annual income and benefits of a $750,000 annuity vary depending on the type of annuity ...
(All these calculations are based on the annuity factors at the Society of Actuaries website, using the RP2014 Total mortality, on a generational basis, blended 50% male/50% female, with a 2019 ...
So really, the best time to buy an annuity depends on your unique situation and financial goals. Another factor influencing your payouts is your gender. Women generally live longer than men ...
And if the calculations are off ... One important factor when going with a joint-and-survivor annuity is the cost of buying the insurance through the pension. Of course, you have premiums in ...
Typically, you figure your RMD by dividing the IRA balance as of December 31 of the previous year by a factor based on your age (see IRS Publication 590-B). But if your IRA holds an annuity ...
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