Annuities Make RMDs Better

Insurance Pro Blog Podcast

You’re nearing retirement or already retired. With all the financial changes in your life, it can be overwhelming to keep up with new laws and regulations that affect your retirement planning.

In this episode, we’ll break down how recent updates to retirement laws called the SECURE Act 2.0 make annuities an even more powerful tool for you to leverage in your retirement strategy.

Annuities allow you to convert a lump sum of money into a guaranteed stream of income for life. The SECURE Act 2.0 builds on previous laws to make annuities more readily available and flexible.

For example, the law now allows 401(k) plans to offer annuities as an investment option more easily. It also increases the amount you can allocate to certain deferred annuities from $125,000 to $200,000.

Critically, the SECURE Act 2.0 provides more flexibility in how annuities are treated for required minimum distributions. This gives you more control over your cash flow in retirement.

Annuities can provide certainty amid the risks we all face in retirement - like outliving savings or market volatility. With these updates, annuities are now an even more powerful tool for your retirement plan.

We’ll break down these changes in detail and what they mean for your specific situation. Tune in to learn how to use the SECURE Act 2.0 to maximize your retirement income.

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