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Retirement Plan › Internal Revenue Service › QLAC

Franczek P.C.

IRS Modifies Required Minimum Distribution Rules to Permit Purchase of Longevity Annuities in Defined Contribution Plans

Franczek P.C. on

The IRS has issued final regulations modifying the required minimum distribution rules that apply to defined contribution retirement plans to accommodate the purchase of annuities known as qualifying longevity annuity...more

Fisher Phillips

IRS Issues Final Regulations On Longevity Annuities

Fisher Phillips on

With the goal of providing retirees with more options to manage their retirement income, the IRS issued final regulations on “qualified longevity annuity contracts” (QLACs). A QLAC is a type of deferred annuity that commences...more

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