In July 2016, the IRS issued regulations on longevity annuities that can help people prolong their retirement

Question:

In July 2016, the IRS issued regulations on longevity annuities that can help people prolong their retirement savings, easing their concern of outliving their savings. Conduct research on this topic, including a review of information provided by the IRS and Treasury Department. In a short article suitable for a CPA firm’s newsletter that is distributed to individual clients, explain how a longevity annuity can help someone prolong his or her IRA savings

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...