
QLACs Hedge Against Longevity Risk
For those nearing or in early retirement, the fear of running out of money is a very real concern. Enter the qualified longevity annuity contract, or QLAC. With this relatively new option, you can invest up to 25% of the total balance of your IRAs and 401(k)s, not to exceed $125,000 with an insurance company. In exchange, the company will pay you an annual income for life starting anytime between when you turn 70 ½ and 85. According to a recent Forbes article, the longer you wait for your... Read More
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