Monday, November 9th, 2015 and is filed under Annuity News, Retirement Income Annuities
Preparing for retirement can be confusing, overwhelming, and stressful. After all, there’s no way of knowing what the future may bring, and the planning process with this in mind can be a true challenge. No matter how diligent you are with savings and retirement accounts, if you outlive your life expectancy, you may find yourself short on money without anywhere to turn.
In order to make sure you have the support you need later in life, a retirement income generator that will pay out far in the future when you need income most can be a strong asset. Annuities are frequently favored for this option, providing steady payments in regular amounts long after your last paycheck has been deposited. If you are hoping for a long life and are worried about outliving your assets, a qualified longevity annuity contract may be the solution you’ve been looking for. Read More
Saturday, August 9th, 2014 and is filed under Annuity News
Latest Annuity News
Saturday, August 2nd, 2014 and is filed under Annuity News, Retirement Income Annuities
Latest Annuity News
Wednesday, July 30th, 2014 and is filed under Annuity News, Retirement Income Annuities
Longer life expectancy and more years spent in retirement are two realities confronting the baby boom generation—and generations beyond. But longevity can be a mixed blessing. Saving and preserving a nest egg to last a lifetime—no matter how long one may live—is one of the most vexing challenges a retiree must contend with. Outliving accumulated resources is a very real threat.
Among the innovative ideas emerging over the last decade to address this challenge is a totally new retirement vehicle known as a “longevity annuity.” Enter the Internal Revenue Service. In February 2012 the agency published proposed regulations outlining the contours of this new annuity contract: the “qualified longevity annuity contract (QLAC).” Purchased with traditional IRA or other retirement plan assets, QLACs disperse benefits with start dates far beyond the typical ages of 65 or 70½—strategies that tax law didn’t previously allow. Think of the QLAC as a life annuity with a deferred start date. Read More