Reduce Your Taxes on IRA/401k Required Minimum Distributions using a QLAC

Ferenc explains a little known financial tool to reduce taxes on qualified accounts (IRA's, 401's, etc.) required minimum distributions. Qualified Longevity Annuity Contracts (QLAC) have a special tax advantage. Funds allocated to a QLAC reduce a person's overall qualified account balance subject to required minimum distributions. Lower distributions reduce income taxes. The QLAC also provides a guaranteed lifetime income that is typically significantly higher than most annuity payouts due to the deferral of payments to later years. By transferring market risk to the insurer on a portion of your portfolio and creating a guaranteed lifetime income, many investors can then invest other assets more aggressively. Contact Ferenc at YourPersonalBank.com or 866-268-4422 for more information.