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Stretch IRA Annuities 800-286-1812SummaryIn this 2:06 Annuities Explained video, Jeffrey Scott McLeod, LUTC, covers “Stretch IRA Annuities.” This is how you can stretch your IRA out using a fixed index annuity. This is you and your spouse or just you and you reach 70 A2 you have to start required minimum distribution sometime later you pass away your wife continues with your IRA. Annuity and she has to or he continues with the required minimum distribution. Now let's say that spouse passes away the three children are maybe say in their 40s they have to continue distribution. Now it's based on their age combined with their oldest child's life expectancy since the life expectancies are longer the amount that comes out is reduced. Now that child passes away you have three grandchildren that start receiving the IRA distribution but it's reduced. Because their life expectancy is longer and that's why it's called a stretch Ira or in other word is multigenerational Ira you can stretch your your IRA out over multiple generations Insurance education only—not securities advice. Key takeaways
From the NAIC Buyer’s GuideFixed indexed annuities are a type of fixed annuity that earn interest based on changes in a market index; the interest rate is guaranteed never to be less than zero, even if the market goes down. When you buy an indexed annuity, you are not investing directly in the market or the index. Any money your annuity earns is tax deferred. That means you generally won’t pay income tax on earnings until you take them out. The 2022 NAIC Buyer’s Guide for Deferred Annuities explains that an annuity is a contract with an insurance company. With an annuity, the insurer promises to pay income on a regular basis for a period you choose—including the rest of your life. Source: NAIC Buyer’s Guide for Deferred Annuities (2022). The guide does not endorse any company or policy. For your state insurance department, see www.naic.org. Questions about fixed index annuities? Call or text 501-658-9882 · Book a time on the calendar Insurance-only disclaimer Jeffrey Scott McLeod, LUTC, is a licensed insurance producer. Content on this page is educational and discusses insurance products only—not securities, brokerage, or investment advisory services. Texas license 901162. Arkansas / National Producer Number 558629. Product availability, rates, and features vary by state and insurer. Read the NAIC Buyer’s Guide and the insurance contract before you buy. More videos |
Jeffrey Scott McLeod, LUTC — Licensed insurance producer. Texas license 901162. Arkansas / National Producer Number 558629. Insurance products only; not securities or investment advisory services.
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