It has been my general understanding that deferred income annuities purchased with IRA money, with their equal payments for life, would comply with the IRS rules under 72(t) and SEPP. But, I am having a hard time finding confirmation. In some cases, I am reading that the insurance companies must calculate the income payments using one of the three IRS methods (RMD, annuitization, amortization) to comply. Does this mean that you have to specifically request this type of customization/calculation? Or by default, are DIA annuity income payments already compliant with 72(t)?
Statistics: Posted by CJ_HalfK — Tue Sep 03, 2024 12:40 pm — Replies 2 — Views 160