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In this article, financial advisor Brandon Renfro explains how annuity payments affect required minimum distributions (RMDs) from IRAs under the SECURE 2.0 Act. For those considering purchasing an immediate single premium lifetime annuity, the payments received may count towards fulfilling the RMD requirement, potentially allowing a lower amount to be withdrawn from the IRA. The article emphasizes the importance of understanding RMD calculations and encourages consulting a financial advisor for personalized guidance.
Source: YAHOO