Sentences with «required minimum distribution rules»
If your annuity funds an IRA, there are amounts you may be required to withdraw from this account after age 70 1/2 under the IRS required minimum distribution rules (which include free withdrawals already taken in the current contract year). (brighthousefinancial.com)
Spouses can roll the balance over into an IRA in their own name and treat as their own account, or transfer it into an IRA in the name of the deceased and follow the applicable required minimum distribution rules. (money-rates.com)
Single premium immediate annuity payouts (monthly or annual) from an IRA account automatically satisfy the IRS required minimum distribution rule. (answers.com)