For many nearing retirement, the excitement of entering the golden years can be overshadowed by fear. With record-breaking inflation rates, coupled with market volatility and longer life expectancies, retirees are likely overwhelmed by thoughts of outliving their nest egg.
A qualified longevity annuity contract, or QLAC, is used by many retirees to help alleviate this concern. QLAC, a type of fixed-income annuity held in a retirement account, is designed to provide a steady income stream throughout one’s life. With funds shielded from market downturns and guaranteed monthly income, QLACs can be a great option, but specific rules must be considered.
To find out whether or not a QLAC could fit into your retirement plan, click below to download “Examining Qualifying Longevity Annuity Contracts in 5 Easy Steps.”
For more information on retirement income planning options, contact Chris at RFG Wealth Advisory at 940-464-4104 or Chris@RFGWealthMgt.com to schedule a time for a visit.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Ed Slott is not affiliated with LPL Financial.
The LPL Finanical registered representatives associated with this website may discuss and/or transact business only with residents in the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.