Required Minimum Distribution are mandatory at age 70 1/2 for all qualified plans. This new regulation allows a deferral of distributions up to 25% of qualified plan holdings not to exceed $125,000 per retiree to age 85. It's conceivable that affluent married couples could collectively defer $250,000.
But the only financial product that currently qualifies is a qualified longevity annuity contract.
Syndicated financial columnist and talk show host Steve Savant interviews annuity product expert Mike McGlothlin on the impact of qualified longevity annuity contracts.