alternative minimum distributions?
a client sent me a letter saying that there is a way to reduce his minimum distributions with a simple and easy idea that has been around for over 40 years. Do you know what that is?
a client sent me a letter saying that there is a way to reduce his minimum distributions with a simple and easy idea that has been around for over 40 years. Do you know what that is?
Permalink Submitted by Alan Spross on Tue, 2009-04-21 23:40
Not really. Buying large bank stocks in your IRA would be quite effective 😉
Permalink Submitted by Rick Burcham on Tue, 2009-04-21 23:43
now that’s funny! good ending to the day
Permalink Submitted by mk foss on Wed, 2009-04-22 18:07
There have been newspaper ads with headlines that describe this. From what I’ve been able to get reading between the lines is that a distribution be taken from the IRA to purchase an annuity. The theory is that the current withdrawal will be smaller than future RMDs and that no RMDs are required from the tax-deferred annuity.
Watch the financial pages of your newspaper. Someone in your area may be holding a seminar on the topic. I wish that someone would invest the time and give the forum a full report.