Talk of The Villages Florida - View Single Post - QLAC to Lower IRA RMD, and QLAC's in general
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Old 09-30-2024, 06:38 PM
Caymus Caymus is online now
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[QUOTE=manaboutown;2375109]QLAC

I had never heard of this product so looked it up. Bet it is very profitable for both the salesperson $$$$$ and the insurance company $$$$$ but not so good for the sucker...er...I mean purchaser.[/QUOTE

The benefit of a QLAC is that it can convert a 401K into a quasi-traditional pension plan. A current disadvantage is that insurance companies and their associated high costs are involved. Maybe future versions will be better.