Ever wonder how you could get free money from your IRA for Minimum Required Distributions (RMD)?

 

Here’s a very simple strategy that a few retirees in the know-how are using everyday.

 

But first, let’s talk about how you normally take money out of your IRA for Required Minimum Distributions, or RMD. When you reach the age of 70 ½, the IRS mandates that you must start taking minimum distributions from your IRA for your lifetime. And, they have a very specific table that you must follow. See below.

 

 

Age	RMD Divisor	Age	RMD Divisor
70	27.4	81	17.9
71	26.5	82	17.1
72	25.6	83	16.3
73	24.7	84	15.5
74	23.8	85	14.8
75	22.9	86	14.1
76	22	87	13.4
77	21.2	88	12.7
78	20.3	89	12
79	19.5	90	11.4
80	18.7	91	10.8

 

 

Let’s suppose you have $100,000 in your IRA as of December 31^st of the previous year, and you are now 70 ½ years old. According to the table above, you must divide your $100,000 by 27.4, which is your RMD Divisor, for a minimum distribution $3,650 for the year.

 

So, how do you get three years of FREE money in your IRA to be used for distributions?

 

Taking your $100,000 example from above, you would find an account that provides an immediate first year bonus of 10% or more, such as a fixed annuity. That 10% bonus would provide about 3 years of distribution income, if your account earns 0%, before evading your principal. See example below.
 

 

Now, if your account were to earn, for instance 5%, even after taking 3 years of distribution, your IRA balance would still continue to rise.

 

 

 

So, if you have an IRA and you want to receive some FREE money, take a look at this bonus accounts. To see if you qualify, contact us today.

 

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