what do you think of QLACS?
Terry Says: Here is a link to my most recent column on these Qualified Longevity Annuity Contracts. As you can see, I think they make perfect sense for people who fear they will “run out of money before they run out of time!” The idea is that you give the insurance company (a strong one!) your money now — but defer taking payments until you are well into retirement, which makes the eventual payments that much larger. And there are special benefits for buying them with IRA money. The amount set aside, up to certain limits, in a QLAC is not counted when figuring RMDs. See the article for details.