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.
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QLACs
QLAC Limit Increased Effective January 1, 2018
The IRS QLAC limit for how much of your 401(k) or IRA you can convert into a QLAC (special longevity annuity) has increased from $125,000 to $130,000.
QLACs
Should You Buy a QLAC?
A QLAC offers you a guaranteed income stream to give you peace of mind during retirement. We’ve created this quick checklist so you can know if a longevity annuity is a good fit for you.
QLACs
The Pros and Cons of a QLAC
QLACs have many financial benefits which make retirement planning simpler. But, it’s important that you know all they have to offer to determine if it’s right for you.
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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.
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).
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.
QLACs
QLAC Limit Increased Effective January 1, 2018
The IRS QLAC limit for how much of your 401(k) or IRA you can convert into a QLAC (special longevity annuity) has increased from $125,000 to $130,000.
QLACs
Tips When Buying a QLAC
The answers to the most important questions for when you purchase a QLAC.
QLACs
Customizing Your QLAC
There are many features you can add to your QLAC so it best fits your needs. We’ve broken down the options you can select to customize your QLAC.
QLACs
Product Details of a QLAC
Although QLACs are similar to longevity annuities, they differ in a few key ways. We’ve clarified the four unique features of a QLAC here.
QLACs
How Will My QLAC Be Taxed?
QLACs’ special designation means that the income you receive can start later than age 70 1/2, reducing your RMDs and associated taxes. We’ve laid out the tax treatment your QLAC can receive.
QLACs
A QLAC in a Diversified Portfolio
A QLAC provides steady, reliable income that doesn’t depend on the stock market. We’ve laid out how a QLAC could fit into your portfolio.
QLACs
The Financial Value of a QLAC
A QLAC is not only financially valuable, but it offers something traditional investments cannot: peace of mind. We’ve laid out how to determine your financial return from a QLAC.
QLACs
These Features Can Affect Your QLAC Rates
There are optional features you can choose so that your QLAC fits your needs. We’ve outlined how these options can affect your QLAC rates here.
QLACs
Should You Buy a QLAC?
A QLAC offers you a guaranteed income stream to give you peace of mind during retirement. We’ve created this quick checklist so you can know if a longevity annuity is a good fit for you.
QLACs
The Pros and Cons of a QLAC
QLACs have many financial benefits which make retirement planning simpler. But, it’s important that you know all they have to offer to determine if it’s right for you.
QLACs
What’s a QLAC?
A Qualified Longevity Annuity Contract (QLAC) is a pension-like product you can purchase with qualified savings that will provide you income for as long as you live. We’ve outlined the key components of QLACs and how they work here.