“Hello Boy’s, I’m Back!” – Russel Case “Independence Day” The annuity Gods once again smiled upon us when the IRS in a stunning “clarification” 02.24.2022 stated; The Secure Act’s (01.01.2020) 10 – year distribution rule does NOT apply to certain annuity contracts (single premium immediate annuity – SPIA) and defined benefit pension plans. Required Minimum Distributions (RMDs) from “defined benefit” plans and certain annuities are now covered separately by section 1.401(a)(9)-6…
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