A Bright Path in Your Retirement Journey

A Bright Path in Your Retirement Journey

December 4, 2023

Maximizing RMDs: A Bright Path in Your Retirement Journey

RetirementRetirement–the golden age of life when you finally get to sit back and enjoy all those years of work. But what happens when you have those Required Minimum Distributions (RMDs) staring you down, and you don’t really need the money for day-to-day expenses? Well, my friend, fear not! Let’s chat about some options you have that will put those RMDs to work for you!

Leave a Legacy:  You can create a meaningful legacy for your grandchildren by using a portion of your RMDs to purchase a life insurance policy and name them as beneficiaries. This thoughtful decision can help ensure they have a solid foundation to pursue their dreams and ambitions even after you’re gone.   You could also purchase a policy in their name, making them the insured. This option can allow your legacy to continue for generations to come. KSKJ Life has a number of whole life insurance options to help.

Beneficiaries Open an Annuity:  A KSKJ Life non-qualified Flex Annuity1 or Single Premium Immediate Annuity (SPIA) can help to provide you with a dependable source of income, ensuring a stable financial rhythm throughout your golden years. Think of it as a consistent paycheck that keeps the tunes of your retirement melody playing smoothly.

Give Back: Feel like giving back to the community and making the world a better place? Use your distribution to make an RMD-Qualified Charitable Distribution (QCD). A QCD offers a great way to easily give to charity before the end of the year and can be counted towards your RMD for the year. As a KSKJ Life member, you belong to an organization whose mission includes reinvesting back into our communities.

 

1A KSKJ Life Flex annuity is a 7-year single deposit contract with a guaranteed bonus interest rate for either one year (Flex One annuity) or two years (Flex Two annuity).  Deposit limits exist.  After 1st year, owner may withdraw up to 10% of the accumulated value each contract year, while surrender charges may apply for annual withdrawals beyond this amount for the first 7 years of the contract. Not FDIC insured.  Not available in all states.  Early withdrawals and those made prior to age 59 ½ may be subject to IRS penalty.  Policy Form FPDA 2011.
We are not tax advisors or accountants.  Please contact a tax professional regarding and tax and IRS implications and Qualified Charitable Distributions.

 


Interested in learning more about KSKJ Life Insurance and Annuity options?
Contact us today!