Great info Michelle!!! I know with an annuity you're shifting the market risk to an insurance company...but what if the insurance company goes under? LIke an AIG situation? In that case are you concentrating your risk in the "maybe good hands" of an insurer?
@MichelleMarki
6 ай бұрын
Yes, that is definitely one of my concerns about insurance companies that might not be around by the time you expect to receive the income from the annuity. That's also why we have to try to vet how "reputable" and "reliable" we think an insurer would be among those that offer this type of annuity, and maybe ask around in what other people's experience has been so far? Or try to measure the health of an insurer based on what they take on?
@SuperThinwhistle
4 ай бұрын
Do you know of any type of annuity (QLAC or otherwise) that can be purchased in a Beneficiary IRA (an inherited IRA)? It sounds like the 10 year rule, requiring all funds to be fully withdrawn within 10 years, makes it impossible to buy an annuity in such an account. Is that correct? Thanks.
@MichelleMarki
4 ай бұрын
Hi there, that's a great question! I have no clue but I hope you might find an answer. Would not the funds from a beneficiary IRA become your own, and then you can decide what to do with it? On a bigger question, how can beneficiaries invest within the inherited IRA unless they have no choice but to disburse the funds and then you invest it in your own account? Good luck!
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