SECURE ACT 2.0

ANNUITY PLANNING IMPACTS

• Increases the starting age for Required Minimum Distributions (RMD)
• Allows IRA Annuitization payments to be aggregated for RMD purposes
• Reduces the penalty for missed RMDs
• Exception to the 10% penalty on early distribution for individuals with a terminal illness
• Increased contributions amounts to plans for older workers
• No lifetime RMDs from Roth plan accounts
• More Roth options for savers

Read this Letter Re: Secure Act 2.0 for more details and contact information.