Create 'Joint Retirement Account' Income
Many married couples have one spouse with a large IRA and the other with little to no IRA money. Every person with an IRA must take RMDs after age 72, because RMDs are designed to drain the account down over the owner’s life expectancy.
But what about the spouse with little to no IRA money?
Unfortunately, the IRS does not provide the tax benefits of an IRA, 401(k) or other comparable qualified accounts on a joint basis for couples. However, there is a way to enjoy the same tax perks, while also creating competitive joint income payouts that would not be depleted by RMDs.
We have a solution that allows for an individual to consolidate retirement assets and generate high immediate income for not only themselves, but for a spouse as well, without a reduction in payout! This strategy reduces:
- Market Risk
- Sequence of Withdrawal Risk
- Longevity Risk
- Tax Risk
This solution can help generate an immediate personal pension for two spouses using qualified assets with high payout factors.
Fill out the form or call us at 800.852.7152 to get our example!
FOR AGENT USE ONLY. NOT INTENDED FOR THE GENERAL PUBLIC.
