Saturday, November 22, 2014

Required Minimum Distributions in Retirement

Required Minimum Distribution are mandatory at age 70 1/2 for all qualified plans. This new QLAC (Qualified Longevity Annuity Contract) product allows a deferral of distributions up to 25% of qualified plan holdings not to exceed $125,000 per retiree to age 85.

This new regulation could dramatically change your retirement planning and may save retirees tax dollars by delaying their require minimum distributions. The deferral aspect on accumulations may be dramatic, especially if the retiree lives past life expectancy.

Syndicated financial columnist and talk show host Steve Savant interviews annuity product expert Mike McGlothlin on the impact of qualified longevity annuity contracts.

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About Steve Savant

Steve Savant

As the National Marketing Spokesperson for Ash Brokerage, Steve Savant looks forward to meeting financial professionals in every way possible - in person or by video through conferences and social media.

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