
Want to Defer RMD Taxable Income? Try a QLAC!
Why are QLACs getting a attention now? Two reasons: (1) SECURE Act 2.0, and (2) rising interest rates.
Why are QLACs getting a attention now? Two reasons: (1) SECURE Act 2.0, and (2) rising interest rates.
Older annuities have grown – and so have their expenses. They may be worth a review.
Making your retirement nest-egg last through retirement isn’t easy. Company pension plans have all but disappeared, which means it’s now up to you to be your own actuary. Unfortunately, it’s not something many are equipped to do.
Congratulations—you’ve built up a healthy retirement nest egg, maybe even a couple million bucks in a traditional IRA. Cue the applause! No worry about tax traps now! But as you reach retirement and start thinking about how to spend it (or pass it on), Uncle Sam is waiting with a few surprise moves that could mess with your plans. These are the tax traps.
You’ve just inherited an IRA from someone not your spouse… usually a parent. Guess what! Your rules are different.