Understanding Qualified Longevity Annuity Contracts (QLAC) Using Fixed, Deferred Income Annuities
Please note the date change for this event!
Understanding Qualified Longevity Annuity Contracts (QLAC) Using Fixed, Deferred Income Annuities - Our speaker, Michelle P. O'Haren of Pacific Life will provide information outlining the features of a QLAC and longevity statistics.
This continuing education presentation for financial professionals gives insights on planning with qualified longevity annuity contracts (QLACs). It explains client challenges solved by QLAC and emphasizes lifetime income strategies when fewer employers offer defined benefit plans. It provides examples of how QLAC impacts RMDs, QLAC contribution limits and excess contribution issues. Next, it shows a hypothetical client managing taxes and hedging longevity risk with QLAC. Lastly, it shows satisfaction rates for retirees with annuitized income and how QLAC may help offset income reductions later in life.
Our speaker is Michelle P. O'Haren JD, LLM, CPA, CFP®, ChFC® who works as a Senior Retirement Strategies Group Consultant with the Retirement Strategies Group of Pacific Life.