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Embed code for: RMD Prospecting Letter 3-1-16
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Dear <Mr./Mrs. Prospect>,
Managing or planning for Required Minimum Distributions (RMDs) is a common challenge for anyone with qualified assets who is either already 70 ½ or approaching that age.
If you’re like many of my clients, you want a simple and easy way to generate retirement income without the hassle. RMDs can be confusing because the amount will change every year, so you need to keep track of the distributions and you cannot be certain that this income will last your lifetime.
I’d like to share an option with you that may help add more certainty to your retirement income. Consider rolling your qualified assets into a New York Life Guaranteed Lifetime Income Annuity.* By doing so, you may no longer need to worry about calculating and withdrawing your RMDs from these assets each year and you will receive a more predictable income stream that is guaranteed for life, which should automatically satisfy the RMD for this annuity. Best of all, you can tailor this annuity to meet your specific needs.
For more information, please contact me at <xxx-xxx-xxxx>.
I look forward to hearing from you soon.
*The New York Life Guaranteed Lifetime Income Annuity is issued by New York Life Insurance and Annuity Corporation (NYLIAC) (A Delaware Corporation), a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Guarantees are based on the claims-paying ability of the issuer.
In most jurisdictions, the policy form number for GLI is ICC11-P102, it may be 211-P102.
Any qualified assets outside the annuity will still have RMD requirements that need to be satisfied annually. Those purchasing the annuity with qualified assets during or after age 70 ½ should consider satisfying their RMD before purchasing a Lifetime Income Annuity to ensure their RMD for the year of purchase is met. Please consult your own tax, legal or accounting professional before making any decisions.
When considering rolling over the proceeds of your retirement plan to another qualified option, please note that you have the option, among others, of leaving the funds in your existing plan or transferring them into a new employer's plan. You should consult with the applicable employer to learn about the options available to you. Please consult with a tax or legal advisor.
SMRU 531172 Exp: 3/1/2018