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Old 03-17-2016, 07:48 PM
 
29 posts, read 22,179 times
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Originally Posted by Windwalker2 View Post
Another issue has come up now. My tax preparer told me that roughly 30% of my first RMD this year will go to taxes because it puts me over some limit for taxation on SS and substantially raises the taxable percentage.

I remember that some time, maybe last summer, someone on C-D mentioned a special new kind of deferred annuity that could be funded with a percentage of your IRA. My accountant didn't know what that was, but I'm wondering now if I should do that. What are they called?
It's called a longevity annuity. By purchasing a qualified longevity annuity contract you can reduce your RMD by up to 25%.

See for example,
How to reduce your RMD by up to 25% - MarketWatch

But also see
https://www.kitces.com/blog/why-a-ql...md-obligation/
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Old 03-17-2016, 07:57 PM
 
Location: SW US
2,227 posts, read 2,044,038 times
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Thanks. QLAC is what I was trying to remember.
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