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WSJ: Annuity (QLAC) Friendly Article

A Retirement Tax Break That Ends the Fear of Outliving Your 401(k)

The pros and cons of using your nest egg to buy a special longevity annuity in retirement

Who is Impacted?  

• Retirees with significant 401(k) balances

• Individuals who want to reduce RMDs

• Individuals or couples with a long life expectancy

What’s Changing?

Effective 2023, the QLAC (qualified longevity annuity contracts) contribution limit has increased to $200K (from 145K) or 25% of retirement plan balance, whichever is less.

Link to WSJ Article

Sales Idea: Retirees can purchase a QLAC; you can offer to assist them with the annuity purchase.

1. Selectively forward the article to appropriate clients and prospects

2. Use the article’s social media button to post to your feed(s).  Invite readers to message you to schedule a complimentary financial checkup.

   
   

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