6 things advisors should know about QLACs
January 9, 2015 by John Olsen, Michael Kitces, Curtis Cloke, Gary Mettler
In July 2014, the IRS released final regulations on QLACs, or Qualifying Longevity Annuity Contracts. These “deferred income annuities” can be purchased by IRAs and qualified plans (within limits) and the contract values will be exempt from RMD rules until age 85, thus allowing even greater benefit of tax deferral. However, the regulations are fairly complex and raise some questions that they don’t answer.
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Originally Posted at LifeHealthPro on January 9, 2015 by John Olsen, Michael Kitces, Curtis Cloke, Gary Mettler.
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