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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Aug 17, 2014
Page
28
The IRS release permits post 70 retirees to allocate up to 25 percent of their IRA and non IRA balances, capped at 125,000, to a qualifying longevity annuity contract. This buys future lifetime income starting by age 85 and reduces annual RMDs while keeping tax deferral on remaining assets. Greg Roberts, a certified financial planner, explains how the rules work and invites questions.
Action veteran Jackie Chan, who turned 60, states his stunt work is taxing and plans to slow down by 30 percent now and more in coming years. He still goes all out for what he calls his last big action movie Chinese Zodiac, delivering acrobatic routines, aerial fights, skydiving, and his trademark martial comedy.
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