In this issue:
Keep your clients’ RMDs in mind: Time is running out for 2025!
Required beginning age: You must generally start taking required minimum distributions by April 1st of the year after you reach the applicable age. All RMDs after that first year must be taken by December 31st of the year they are due.
- 70½ if you were born before July 1, 1949
- 72 if you were born after June 30, 1949 but before 1951
- 73 if you were born after 1950 but before 1960
- 75 if you were born 1960 or later
FYI ROTH IRAs are not subject to lifetime RMDs.
Guaranteed lifetime income
Using a Fixed Index Annuity with a Guaranteed Lifetime Income Rider can be an excellent strategy for your client’s portfolio, providing a dependable approach to income. Athene clearly illustrates the difference between a risk-based strategy and a guaranteed income strategy in their latest flyer. See how the Athene Ascent Pro 10 Bonus can help make guaranteed income a meaningful part of your client conversations.
Attached materials are for Pennsylvania only.
Falling yields and carrier rate drops
10-year Treasury rates are yielding near 4%, and with the Federal Reserve cutting rates, many carriers have been reactive and lowering their rates. Now is a great time to consider Multi-Year Guaranteed Annuities (MYGAs) to lock in a strong fixed rate with your client, or to explore Rate Lock products in the indexed market. These products guarantee that the cap will remain the same for the entire surrender period, so each year your client can expect the same Annual Point-to-Point Cap rate. The days of worrying about renewal rates on the indexed side could be over. Check out Lincoln’s OptiBlend 5, 7, and 10-year products, offering locked rates as high as 8.3%!
