Balitimore Life Vs Aviva for RMD Solution

[infoseeker]

For a 68 year old male good health who has about 200k in a IRA who does not want or need to take income when his RMDS start at age 70 1/2. wants the money to leave for his heirs

Would he be better with the Baltimore Life SPIA Genaral Legacy product or Aviva Balanced allocation?

 

[iceco1d]

He would probably best with a VA + enhanced DB rider. Perhaps Jackson or Pru.

 

[infoseeker]

My concern with the VA is at 68 years old i would want more principal protection for him being that he will be in the distribution phase in the next 2 years.

He would probably best with a VA + enhanced DB rider. Perhaps Jackson or Pru.

 

[iceco1d]

OP said he doesnt need/want the income...

 

[JrGuru]

OP said he doesnt need/want the income...

Find an RMD friendly FIA (which aviva is) that offers a DB.
LSA, is one option. many more out there. Altisure also has a new hybrid LTC/DB annuity coming out which would work too.

for the guy that said VA...ah no comment