Any Opinion on QLAC’s (Qualified Longivity Annuity Contracts)

The US government is concerned about retirees outliving their retirement funds. The IRS recently (7-01-14) issued a ruling on QLAC’s (see topic). As yet Insurance companies were reluctant to issue this type of product but since the ruling hopefully that will change. There are limits, rules and restrictions on QLAC’s but with the government is in the driver’s seat (enough said). Since this ruling will provide some RMD extension/revision, do you feel it is something to consider for retirees who are in a position to take advantage of this new finance vehicle? Thanks for your time. Attended your superb presentation at GSU presented by AARP & WLS 89.
Ed R.

Terry Says:  If you will go to my website, www.terrysavage.com, and click on the Read Terry’s Columns link that takes you to HuffingtonPost, you will find a complete column on that subject written just a few weeks ago!  Thanks for the compliment, and thanks for coming to the seminar.   For those who are reading this, check my website because I will be presenting the same seminar on September 16th in Schaumburg, Il.  But you need to register.