Tuesday, November 18, 2014

How QLAC could bring relief from RMDs - Emerging Retirement Products

Required Minimum Distribution are mandatory at age 70 1/2 for all qualified plans. This new regulation allows a deferral of distributions up to 25% of qualified plan holdings not to exceed $125,000 per retiree to age 85. It's conceivable that affluent married couples could collectively defer $250,000.

But the only financial product that currently qualifies is a qualified longevity annuity contract.

Syndicated financial columnist and talk show host Steve Savant interviews annuity product expert Mike McGlothlin on the impact of qualified longevity annuity contracts.

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About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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