Tag: Parent Child Annuity

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…