What’s one of the biggest dangers to a senior’s financial health in retirement? It’s not taxes; it’s RMDs, or Required Minimum Distributions, declares retirement expert Tom Hegna. But there is an antidote: a lifetime income annuity. In this video with interviewer Steve Savant, Hegna explains that proceeds from a qualified individual account like an IRA or 401(k) can be converted into a joint lifetime income annuity for both spouses, giving them a guaranteed income stream for life.

See also: Are RMDs the WMDs of a retirement plan?