The Perfect Storm for a Tax Credit Longevity Annuity Plan
A Tax Credit Longevity Annuity Plan, or TCLAP, would create tax-favored private pension plans while also providing for long-term care benefits.
Category Archives: Longevity Insurance
Life Expectancy: Err on the Optimistic Side
If you rely on life expectancy as the basis for all of your retirement planning decisions, there’s a 50% chance that you’re projected to outlive your assets.
Don’t Defer Your QLAC Purchase
I was recently asked by CNBC personal finance writer Tom Anderson, who was writing a story on qualified longevity annuity contracts, or QLACs, “What are the biggest mistakes clients make when buying QLACs?” My answer, which was quoted in Tom’s September 9th An Option for Those Who Fear Outliving Their Money article, was not purchasing a…
QLACs are Here
Since the Treasury and IRS finalized a regulation in the beginning of July blessing the use of qualified longevity annuity contracts, or “QLAC’s,” a lot of people have been wondering when and where they can buy one.
Don’t Expect to See QLAC’s Soon
The most recent potential retirement income planning game-changer, qualified longevity annuity contracts, or “QLAC’s,” have received a fair amount of press since the Treasury and IRS finalized a regulation in the beginning of July blessing their use.
Longevity Insurance is an App
Although DIAs and FIAs with income riders may be purchased to provide what’s marketed as longevity insurance, this is only one application of both products.
Insure Your Longevity
Longevity insurance is one application of different types of fixed income annuity products offered by life insurance companies to meet income needs.
The Retirement Income Planning Sweet Spot
As with all retirement income planning goals, you need to work backwards from your target date, which would be the age at which you would like to retire.
Invest in DIA to Fund LTCI Premiums When Retired – Part 2 of 4
A deferred income annuity (DIA), often referred to as longevity insurance, can be used to fund long-term care insurance (LTCI) premiums during retirement.
Invest in DIA to Fund LTCI Premiums When Retired – Part 1 of 4
A deferred income annuity (DIA) can be used as part of the retirement planning process to fund long-term care insurance premiums.
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