Lifetime Retirement Income Options: Examining QLACs in 5 Easy Steps

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. QLACs, a type of fixed income annuity held in a retirement account, are 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 certain rules must be considered.

Determine if a QLAC is suitable for your retirement plan. Download “Examining Qualifying Longevity Annuity Contracts in 5 Easy Steps.”

For more information on retirement income planning options, contact our office at 516-294-5287 to schedule a time for a visit.