A ‘Saw-Tooth’ Pattern to Cut Risk, Increase Returns
July 19, 2016 by Michael Tove
How fixed indexed annuities can achieve three specific goals to preserve and grow your client’s qualified retirement account.
Central to the Department of Labor’s fiduciary rule is the preservation and growth of qualified retirement accounts such as individual retirement accounts and 401(k)s. Specifically, achieving a best practices result should focus on three particular goals:
1. Maintaining sufficient return to offset or exceed the schedule of required minimum distributions (RMDs) throughout the average retiree’s life expectancy, which the IRS estimates is anywhere from age 70 to age 86.
2. Minimizing account volatility.
3. Reducing the RMDs (with the emphasis on “required minimum”) without sacrificing the opportunity to take more than the required minimum if desired.
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