New annuities starting to address RMDs

April 2, 2019 by Greg Iacurci

Allianz Life Insurance Co. of North America is launching an indexed annuity geared toward clients 70½ and older who don’t need the money that the government requires they withdraw each year from retirement accounts in the form of required minimum distributions.

Click HERE to read the full story via InvestmentNews. 

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“I’ve never heard of anyone else doing this,” said Sheryl Moore, head of consulting firm Moore Market Intelligence. “The No. 1 complaint I hear from annuity purchasers is, ‘I don’t want my RMD; why do I have to take it if I don’t want it?'”

Originally Posted at InvestmentNews on April 1, 2019 by Greg Iacurci.