It’s my understanding that the Secure Act 2.0 changed the tIRA/annuity/RMD accounting. Equities and annuities were treated separately when it came to RMDs so one might have excess income from their annuity in their tIRA but it could not be used toward the RMD for their equities. The RMDs are no longer figured separately. So let’s say you have an end of year portfolio value of 900k, 600k equity/ 300k annuity. Say your RMD is 30k and your annuity pays 20k. You now only need to withdraw 10k to satisfy the total RMD. Before only 10k from the annuity income counted and you needed to withdraw 20k from your equities.
Statistics: Posted by InNameOnly — Mon Mar 03, 2025 1:34 am — Replies 4 — Views 1091