Are minimum required distributions mandatory for non qualified annuities?
No, RMD’s are not mandatory for any non qualified annuity |
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I have heard that there is proposed regulation by the SEC to regulate Index annuities?
Yes, the SEC is proposing a new rule that would define the terms “annuity contract” and “optional annuity contract” under the Securities Act of 1933. The proposed rule is intended to clarify the status under the federal securities laws of indexed annuities, under which payments to the purchaser are dependent on the performance of a securities index. The proposed rule would apply on a prospective basis to contracts issued on or after the effective date of the rule. |
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