QLACs
QLAC Limit Increased Effective January 1, 2020
The IRS QLAC limit for how much of your IRA you can convert into a QLAC (special longevity annuity) has increased from $130,000 to $135,000.
Tag: QLAC
Annuity Basics
Is an Annuity a Good Investment?
An annuity is a good investment for those looking for guaranteed income or guaranteed growth of their retirement savings that is safe from market volatility. An annuity is generally not a good investment for those who need near-term access to their money and is generally not a good investment for those looking for higher risk … <a href="https://www.blueprintincome.com/resources/retirement-income/qlac-qualified-longevity-annuity-contract/qlac-limit-increased-effective-january-1-2020/">Continued</a>
Annuity Basics
Are There Any Good Annuities?
Yes, there are good annuities out there, but it’s important to do your research to make sure you get one of them. Originally annuities only existed to provide a pure guarantee, whether guaranteed income or a guaranteed return. Over time, a few different types of annuities have been created with different value propositions, demoting the … <a href="https://www.blueprintincome.com/resources/retirement-income/qlac-qualified-longevity-annuity-contract/qlac-limit-increased-effective-january-1-2020/">Continued</a>
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.