Mar 20, 2018

..Do you know what a Q-LAC is? It is a Qualified Longevity Annuity Contract and it is an option that some 401(k), 403(b), and IRA owners are opting for these days. One reason is that a Q-LAC annuity inside a tax qualified account is not subject to RMDs--required minimum distributions. But do you know the other IRS rules regarding Q-LAC's? For example, how much money you can put into a Q-LAC, how much income you can take out (it can be substantial), and if there is a way to protect your beneficiaries? We will be answering those questions and much, much more on today's show.