There’s one little-known way to reduce “RMD shock”: Purchasing a qualified longevity annuity contract. A QLAC is a type of deferred income annuity designed to meet IRS requirements.
Pre-retirees can place up to 25% of their 401k, 403b or IRA balance — up to $135,000, whichever is less — in a QLAC.
Postponing up to 25% in RMDs allows more income when you really need it. In your 80s/90s.
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Jennifer Lang Financial Services, LLC.
https://www.jenniferlangfinancialservices.com/ Jennifer Lang Financial Services, LLC. specializes in Annuities, 401K Rollovers, IRA Conversions, Small Business Owner Retirement Planning and Busines...
How To Shrink Your RMDs in 2021 and Beyond by Jennifer Lang Financial Services
Qualified Longevity Contracts (QLACs) are a special type of annuity, that let you cut RMDs by up to 25% from your IRAs, reduce the taxes you pay and guarantee more lifetime income in old age.
Jennifer Lang Financial Services, LLC. specializes in Annuities, 401K Rollovers, IRA Conversions, Small Business Owner Retirement Planning and Business Loans. The company advises families and small business owners on life insurance, business loans and no-market risk retirement planning.
Jennifer Lang - mail@jenniferlangfinancialservices.com | Financial Services Professional
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Jennifer Lang
Financial Services Professional
Jennifer Lang Financial Services, LLC.
https://www.jenniferlangfinancialservices.com/ Jennifer Lang Financial Services, LLC. specializes in Annuities, 401K Rollovers, IRA Conversions, Small Business Owner Retirement Planning and Business Loans.
The company advises families and small business owners on life insurance, business loans ...