Top Annuity Rates

If you were born between 1951 and through 1959, your required minimum distribution starting age is now 73 years of age. If you were born in 1960 or after, your required minimum distribution age will be 75. 

If you are turning age 72 this year, Required Minimum Distributions are NOT due for your IRA money. The age has increased to age 73, but for some of the younger folks, age 75.

Many people do not realize that annuities are tax deferred. Meaning, you owe no taxes on any of the growth until you decide to cash out your annuity. This is different than Certificates of Deposit. With CDs, you get a 1099 every year, assuming the money was not IRA money.