cashflo2u2
Recycles dryer sheets
- Joined
- Oct 31, 2007
- Messages
- 332
If, at age 70 1/2, one purchased an immediate fixed annuity with the entire balance of a traditional IRA, do you still have an IRA after the purchase? If the answer is yes, then what happens further in the future when the RMD requirement exceeds the annual payout on the annuity? If the answer is no, then the RMD requirement is forever satisfied when the annuity is purchased?