How New IRS Annuity Rules Could Cause Confusion

October 1, 2024 by Allison Bell

Federal law requires most savers who have reached a certain age to take some money out of their pretax retirement savings accounts.

The IRS wants to let savers who annuitize some assets cut their required minimum distributions.

The Committee of Annuity Insurers does not like how the IRS is handling that.

The annuity issuer group may be protecting retirement savers from a world of future hurt. Or it could be giving you an early warning about what will hurt, and why.

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Originally Posted at Think Advisor on September 25, 2024 by Allison Bell.