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How to Turn Retirement Savings Into Retirement Income
Medical Economics 
Sept. 29, 2021 "A deferred lifetime income annuity offered by an insurance company assures you'll have a guaranteed income for life, even if you live to 100 or beyond. Also called a longevity annuity, it hedges against the financial risk of living a long life.... A QLAC ... lets you allocate up to 25% of the total of all your IRAs or $135,000, whichever is less, to a QLAC and delay RMD payments until up to age 85." |
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