Longer life expectancy and the likelihood of more years spent in retirement are realities now facing the baby boom generation, and most likely, the generations that follow. The Treasury Department and IRS realize this is a major concern for many and have recently passed new regulations.

The new regulations allow individuals to purchase a deferred income annuity which can be excluded from RMD calculations AND distributions don’t have to start until your Age 85. Of course, the annuity must be properly setup and certain conditions must be met, but Qualified Longevity Income Contracts (or QLACs) can be an important option to help plan for retirement and ensure you have a regular stream of income. Contact us for more information.