SPIA Settlement Options Can Provide Guaranteed Income

IRS issued Final Regulations in April 2002 on required minimum distributions (RMD) from IRA accounts which are Defined Contribution accounts such as mutual funds, deferred annuities, and bank CDs.  You simply determine the account value from December 31st of the prior year and divide that amount by the annual attained age factor from the Uniform […]

IRA Conversion Rules: Using Tax-Free Life Insurance to Convert an IRA Into a Tax-Free Roth IRA

In 2010, the former $100,000 AGI limit to convert an IRA to a Roth IRA was permanently repealed.  No matter their age or income, anyone with an IRA has the option to convert it to a tax-free Roth IRA, at any time, as long as the income taxes on the conversion are paid.   Often, […]