QLAC
Longevity insurance, describes the process of mitigating longevity risk. In the United States, such risk mitigation is often achieved using a longevity annuity or Tontine, qualifying longevity annuity contract (QLAC), deferred income annuity, an annuity contract designed to provide a regular income for life starting at a pre-established future age, e.g. 85, and purchased many years before reaching that age.
Recent news mentioning QLAC
- — Buy a $210,000 QLAC Inside Your IRA and the IRS Stops Counting That Money Toward RMDs Until You Turn 85
- — A 72-Year-Old Can Still Move Up to $210,000 Into a QLAC and Cut Next Year’s RMD by About $7,900. The Check Doesn’t Start Until 85, and Neither Does the Tax
- — A 71-Year-Old With $600,000 in an IRA Parked $150,000 in a QLAC. Her RMDs Dropped by a Quarter, and the Check Starts at 85.
- — The “QLAC”: Move $210,000 of Your IRA Into This One Account and the IRS Stops Counting It for RMDs Until You’re 85.
- — Retirees Can Move $210,000 From an IRA Into a QLAC and Delay RMDs on That Money Until 85. Almost Nobody Has Heard of It.