An agent asked me about a scenario where his client was taking their required minimum distribution (RMD), but didn't need the money. Their client was looking for a better way to "spend" the money from the RMD.
Our agent discovered that his client's goal was to replenish his principal, so he'd have more to leave to his beneficiaries. Here's how we solved the problem.
Use funds from the RMD to fund a life insurance policy
How many of your existing clients are looking for a way to leverage their RMD?
Required Minimum Distribution Calculator