A QLAC Helps You Put Off Ira Required Minimum Distributions

Thousands of seniors would like to ignore required minimum distributions, but Uncle Sam makes it hard, if not impossible. But there is a way that lets you put off IRA distributions: getting a qualified longevity annuity contract, also known as QLAC.

As it’s designed to meet IRS requirements, you don’t need to take RDMs on the assets in the QLAC if you don’t want to take them out past the age of 72. This is the only way you can do so legally.

When it comes to QLAC’s, you can invest up to 25% of your total IRA money up to $135,000 and can delay RDMs until you’re 85.