QLACs

QLAC Limit Remains at $130,000 in 2019

The IRS QLAC limit for how much of your 401(k) or IRA you can convert into a Qualified Longevity Annuity Contract remains at $130,000 for 2019.

QLACs

How Does a QLAC Defer Required Minimum Distributions (RMDs)?

By transferring money out of your Traditional IRA and into a QLAC, you reduce the Traditional IRA balance subject to RMDs, deferring them until the QLAC income starts.

QLACs

Purchasing a QLAC in a Tax Deferred Plan

Instructions for how to purchase a Qualified Longevity Annuity Contract (QLAC) in a 401(k), 403(b), IRA or other plan.

QLACs

How to Purchase a QLAC with 401(k) Funds

You have a few options if you'd like to purchase a QLAC with a 401(k).

Insurance Companies

Insurer Spotlight: Protective Life Annuities and Company Basics

Protective Life, founded in 1907, is one of the annuity providers on Blueprint Income's platform.

Insurance Companies

Insurer Spotlight: Pacific Life Annuities and Company Basics

Pacific Life, founded in 1868, is one of the annuity providers on Blueprint Income's platform.

Insurance Companies

Insurer Spotlight: MassMutual Annuities and Company Basics

MassMutual, founded in 1851, is one of the annuity providers on Blueprint Income's platform.

Insurance Companies

Insurer Spotlight: Guardian Life Annuities and Company Basics

Guardian Life, founded in 1860, is one of the annuity providers on Blueprint Income's platform.

QLACs

New Legislation, If Passed, Would Increase QLAC Limits

One part of the The Retirement Plan Simplification and Enhancement Act, calls for making upward revisions of the QLAC limit. Under the new proposed rules, you could contribute up to $200,000 or 100% of your 401(k) or IRA account balance to a QLAC, but it is still up in the air as to whether this will get passed.

Annuity Basics

Annuity Tax Forms for Qualified and Non-Qualified Income Annuities

Qualified and non-qualified income annuities have differing tax treatment, meaning that once your retirement income has begun you will receive different tax forms reporting the amount of income generated from your qualified or non-qualified annuity. Here are the tax forms for your annuity and when you can expect to receive them.