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/annuity-basics/is-an-annuity-a-good-investment/">Continued</a>
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/annuity-basics/is-an-annuity-a-good-investment/">Continued</a>
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.
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.
Instructions for how to purchase a Qualified Longevity Annuity Contract (QLAC) in a 401(k), 403(b), IRA or other plan.
You have a few options if you'd like to purchase a QLAC with a 401(k).
Protective Life, founded in 1907, is one of the annuity providers on Blueprint Income's platform.
Pacific Life, founded in 1868, is one of the annuity providers on Blueprint Income's platform.
MassMutual, founded in 1851, is one of the annuity providers on Blueprint Income's platform.
Guardian, founded in 1860, is one of the annuity providers on Blueprint Income's platform.