QLAC - recent IRS ruling and guidelines

[LRDave]

I tried to bump the only other thread I could find about this, but it was too old to reply to.

Mods: Please merge or delete if I am a Johnny-come-lately to the topic.

New QLACs Establish Foundation for DC Annuitization | Business of Benefits

The IRS took a substantial step in making these DC lifetime income efforts become a reality with its publication of the final regulations establishing the “Qualified Plan Longevity Annuity Contract,” or “QLAC “.

Does this new regulation at least put some lipstick on the annuity pig?

 

[ronin]

Michael Kitces has an article on this topic today as well. Can't see this as a useful product for my personal circumstances but I imagine at some point in the future it might be more appealing to some.

why-the-new-qualifying-longevity-annuity-contract-qlac-rmd-regulations-for-dont-mean-much-for-retirement-income-yet/