5 Things to Know About the H.R. 8696 Methuselah Annuity Provision
November 4, 2020 by Allison Bell
The part of the new “Securing a Strong Retirement Act of 2020″ bill getting the most attention may be the section that would increase the required minimum distribution (RMD) age for individual retirement account (IRA) assets to 75, from 72.
Another part of H.R. 8696, Section 202 could increase use of a product that’s popular with retirement policymakers: the deferred income annuity.