Can I Buy a QLAC Inside a 401(k)?
Retire For Less With The Annuity Expert di Shawn Plummer
Note sull'episodio
If you are in your early 70s and looking for a way to defer your Required Minimum Distributions (RMDs), you have probably looked into a QLAC (Qualified Longevity Annuity Contract). But can you buy a QLAC directly inside your existing 401(k)?
In this quick video, Shawn Plummer from The Annuity Expert gives you the straight answer. While you generally cannot buy a QLAC directly inside your 401(k) or 403(b), there is a fast and incredibly easy workaround!
Shawn explains exactly how to do a partial rollover, moving up to $210,000 from your 401(k) into an IRA QLAC. By making this simple move, you can legally defer the RMDs and taxes on that portion of your retirement savings all the way to age 85!
π Run your own math! Calculate your guaranteed lifetime income in real-time here:
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