Qualified Longevity Annuity provides individuals with a deferred income stream that begins at a later age, ensuring financial stability during the later stages of retirement.
We understand that financial decisions can be complex. If you have questions or need clarification, reach out to our team of experienced professionals.
QLACs offer individuals protection against the risk of outliving retirement savings. By purchasing a QLAC, individuals can defer a portion of their retirement savings to a later age, typically up to 85 years old.
The predictable cash flow provided by immediate annuities offers peace of mind and eliminates the complexities.
Offering optional inflation protection features, such as cost-of-living adjustments, to help your income keep pace with rising living costs.
Qualified Longevity Annuities (QLACs) are annuity products specifically designed to address longevity risks in retirement. These annuities are purchased within retirement accounts, such as 401(k)s or IRAs.
Individuals have the flexibility to choose the start date of income payments, typically ranging from age 70 to 85.
Analyzing historical trends, current market conditions, and economic factors, investors estimate performance of their investments.
We understand that financial decisions can be complex. If you have questions or need clarification, reach out to our team of experienced professionals.
At Annuityrateinfo, we are committed to helping you secure your financial future with the right annuity products like QLAC.
As a leading annuity provider, we are committed to securing your financial future with tailored solutions designed to meet your unique needs.
Traditional Fixed Annuities offer secure, predictable returns for investors. A steady financial future with guaranteed income.
Fixed Indexed Annuities combine the security of a fixed annuity with the potential for growth linked to a market index.
This guarantees a stable and predictable income over the chosen term, regardless of market fluctuations.
Immediate Income Annuities provide instant financial stability through regular payments in exchange for a lump sum investment.
Yes, there are contribution limits for QLACs. You can invest up to the lesser of $135,000 or 25% of your total IRA and 401(k) account balances. Please note that these limits may change over time, so it's important to consult the most recent IRS guidelines.
QLACs are designed for long-term income security, so accessing your investment before the payout phase is generally limited and may come with penalties. There are some exceptions, such as in the event of terminal illness or death, but you should consult your specific QLAC contract for details.
QLAC payouts are generally taxed as ordinary income when received. The portion of the payout that represents the return of your original premium is not subject to income tax, but the remaining portion, which represents the interest and gains, is taxable.
Yes, you can typically name a beneficiary for your QLAC. If you pass away before the payout phase, your beneficiary may receive a death benefit, which can be paid out as a lump sum or as continued annuity payments, depending on the terms of the contract.
When you purchase a QLAC, you're essentially using a portion of your retirement savings to buy a future income stream. The money you invest in the QLAC grows on a tax-deferred basis until you choose to start receiving payouts, which typically begin at an older age.
Our team of experienced professionals will analyze your needs and provide you with
customized recommendations tailored to your specific situation.
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*Rates are based on current interest rates and are subject to change at any time. Some first year yields/rates reflect the fixed rate plus a premium bonus or interest rate enhancement. Upfront bonuses are frequently subject to a vesting schedule. Not all annuities are available in all states. Surrender charges may apply to withdrawals during the surrender period. A 10% IRS penalty may apply to withdrawals prior to age 59 ½. Annuity product guarantees rely on the financial strength and claims-paying ability of the issuing insurer.
*Annuities are not guaranteed by any bank or credit union and are not insured by the FDIC or any other federal government agency. Information presented on this website is not intended as tax or legal advice. You are encouraged to seek tax or legal advice from a qualified professional.
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