Joe Murphy discusses the importance of reviewing annuities in light of changing market conditions, particularly with rising interest rates. He explains how the 1035 exchange can be a valuable tool for transferring underperforming annuities without tax penalties. The conversation also covers the implications of required minimum distributions (RMDs) and presents a case study demonstrating effective RMD planning using annuities. Additionally, Joe highlights the recent changes in 401(k) plans allowing access to private equity and alternative investments, emphasizing the need for education and careful consideration in retirement planning. Call or text 800-930-5905. Visit MWMFinancial.Tax to learn more.

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