MetLife's Income Matters: Spotlight on Institutional Income Annuities
     
 
Starting at age 70.5, retirees must take required minimum distribution (RMD) withdrawals from their retirement savings accounts or they could face stiff penalties. The IRS indicates that many do not take the distribution as required, simply because they were unaware of the rules.   Starting at age 70½, retirees must take required minimum distribution (RMD) withdrawals from their retirement savings accounts or they could face stiff penalties. The IRS indicates that many do not take the distribution as required, simply because they were unaware of the rules.1
 
     
 
You've put a lot of work in helping make sure your employees save enough for retirement – but it's just as important to provide the education and tools that help them plan for a successful retirement; especially with filing season right around the corner.

Find out how adding a Qualified Longevity Annuity Contract (QLAC) to your distribution options can help your employees avoid future RMD penalties in retirement.

Contact a member of the MetLife team to discuss how you can help your employees meet their retirement goals.
 
MetLife RII QLAC
 
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  1. Improvements Can Be Made to Educate and Notify Taxpayers of Required Minimum Distribution Requirements From Individual Retirement Arrangements, The United States Treasury Inspector General for Tax Administration, 2015.

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