The April 15 tax deadline is quickly approaching and, as Benjamin Franklin once wrote, “In this world, nothing can be said to be certain, except death and taxes.” Fortunately, life insurance can help you with both. Read more to find out how.
At age 70 ½, most retirees must begin mandatory minimum withdrawals from their retirement accounts such as 401(k)s and IRAs known as Required Minimum Distributions (RMD). Many seek a tax advantaged way to continue growing the funds they withdraw and consider Qualified Longevity Annuity Contracts, or “QLACs”, as an option. As a better alternative, military and honorably discharged veterans should take advantage of AAFMAA’s ANNUITYLife policies. Read why.
AAFMAA wishes you a prosperous 2016! The New Year presents you the opportunity to review your important documents, including your insurance policy’s Annual Statement. You will receive your 2015 Annual Statement within the next couple of weeks. Read more to see exactly what you should review, and how to make any necessary updates.