Other Uses for RMDs
Other Uses for Required Minimum Distributions
1Does not include Donor Advised Funds, private foundations or support organizations.
2You cannot convert your RMD to a Roth IRA.
This information is written in connection with the promotion or marketing of the matter(s) addressed in this material. The information cannot be used or relied upon for the purpose of avoiding IRS penalties. These materials are not intended to provide tax, accounting or legal advice. As with all matters of a tax or legal nature, you should consult your own tax or legal counsel for advice.
Life insurance policies contain fees and expenses, including cost of insurance, administrative fees, premium loads, surrender charges and other charges or fees that will impact policy values.
Taxable distributions (including certain deemed distributions) are subject to ordinary income tax, and if made prior to age 59½, may also be subject to a 10% federal income tax penalty.