A Qualified Longevity Annuity Contract (QLAC) is a deferred income annuity purchased with retirement account funds (up to $200,000) that begins payments at a future age (typically 80-85). QLACs reduce your RMDs and provide longevity insurance — guaranteed income late in life when you may need it most.
This answer is provided for general informational purposes only and does not constitute financial advice. Every family’s situation is different. For personalized guidance, schedule a free consultation with our team.
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