IRS Issues Guidance on Longevity Annuities
The IRS recently issued guidance on the use of longevity annuities in defined contribution plans and IRAs. These longevity annuities are known as “qualified longevity annuity contracts” or “QLACs.” A QLAC is a deferred annuity that begins at a specified age, but not later than age 85. This type of annuity allows individuals to have […]
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3 min read
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Tagged: 401k) plans, 403(b) plans, 457(b) plans, defined contribution plans, IRS, longevity annuities, QLAC, qualified retirement plans
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Anne M. Meyer
Partner