Almost four years ago, the U.S. Treasury Department authorized qualified longevity annuity contracts (QLACs) for the 401(k) and the individual retirement account (IRA) markets to help workers save for retirement. And according to a recent article from InsuranceNewsNet, an uptick of interest, especially among high …
Over the past couple of years, Qualified Longevity Annuity Contracts (QLACs) have grown in importance because of changing government regulations. QLACs have two important benefits that have added to their increasing popularity. They pay a future stream of guaranteed lifetime income and help you lower …
Longevity annuities are one of the newest financial planning tools for retirees who have a good chance to live a very long life. While they have been around longer, they’ve had a steep uptick in attention over the past year. A lot of this attention …
The Employee Benefit Research Institute is a non-profit research group dealing with retirement readiness in America. Recently, they looked into whether QLACs will actually increase the retirement readiness of 401k participants and found that they most likely will. This information comes from Nick Thornton’s Benefits …
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