This is a new feature, that appears fully credible:
IRA RMD is transfered to a lifetime annuity payout, since going to a chairtable organization there are no taxes on the RMD. Thus big savings pending your tax bracket. Intererst rate earned around 5-9% pending your age. See Article below, one of many. This is from Mayo Clinic which is one of many organizations that offer such. I am not advertising for Mayo, just sharing the concept.
Anyone have any experience with this?
Charitable Gift Annuities | Mayo Clinic