Retirement Income Planning with a QLAC

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Presented by Michael Finke, Ph.D., CFP® and Alan Assner

About this talk

New rules from the Treasury increase the attractiveness of longevity annuities held within IRAs. The ability to avoid required minimum distributions on qualified assets held within a QLAC provides additional deferral benefit that reduces the net costs of annuitizing a portion of retirement wealth. Longevity annuities pool later-life longevity risk, providing a lower cost and safer way to fund later life income within a retirement income plan. This presentation includes new analyses on: •How the QLAC rules allow a retiree can achieve significant pooling benefits of a longevity annuity with little tradeoff in expected legacy amount •The reduction in cost of funding later life income through a product that pools longevity risk •Improvements in shortfall risk in simulations that include a QLAC •The behavioral benefits of providing a guaranteed source of later-life income

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