Tag: IRA SPIA

IRA SPIA “Pop-Up” Payment Increases at Death

I’m sometimes asked about IRA SPIA payment “increases” after the SPIA start date and upon the death of the joint annuitant.  The idea is to encourage a SPIA annuitant/owner to elect a joint and survivor feature with the knowledge if their joint annuitant predeceases them, the annuitant/owner will still get the single life rate!  This is commonly referred to as a pension “pop-up” and is a payment feature found in some defined benefit…

Gays and Lesbians: Maximizing SPIA RMDs for Survivor Benefits

While traditionally married couples receive Federal tax benefits not all gay and Lesbian couples are so fortunate. There are still 20 remaining states that don’t recognize gay marriage. The Defense of Marriage Act (DOMA) finally died on June 26, 2013 under a 5-4 US Supreme Court decision declaring section 3 (restricting U.S. federal interpretation of “marriage” and “spouse” to apply only to heterosexual unions) of DOMA unconstitutional. Following this in short…