
REG–115809–11, Released February 3, 2012 On February 3, 2012 IRS released proposed regulations regarding the establishment of “qualified longevity annuity contracts” (QLACs). The new QLAC rules will allow retirement account owners to purchase certain annuity contracts with a portion of their retirement assets that will be able to be excluded from their required minimum distribution (RMD) calculations. Annuity payments, the ONLY distribution option available from QLACs (no lump-sum … [Read more...]










