Running out of money in retirement is a common fear among pre-retirees and retirees. With longer life expectancies and rising healthcare costs, funding a retirement that could last many years can be an overwhelming prospect.
A qualifying longevity annuity contract, or QLAC, can help alleviate this concern by providing a guaranteed stream of income in retirement.
A QLAC is a type of fixed income annuity that is held in a retirement account such as an IRA. While QLACs can be a great option, they also come with certain rules you will want to consider.
To find out whether or not a QLAC could fit into your retirement plan, click here to download “Examining Qualifying Longevity Annuity Contracts in 5 Easy Steps. “
For more information on retirement income planning options, contact our office at (425) 252-4032 to schedule a time for a visit.
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