It's time to set up your 2019 QLAC

It is that time of the year again. If you have been thinking about setting up a Qualifying Longevity Annuity Contract (QLAC), now is the time to pull the trigger.

• Lower your 2020 RMDs and reduce taxes.
• Use up to 25% of you total IRA type assets or maximum allowable $130,000...whichever is less.
• Add your spouse to guarantee joint lifetime income.

A QLAC should be part of your GUARANTEED INCOME FLOOR.

To take advantage of the 2020 RMD savings, your QLAC must be in place by 12/31/2019.

Sample QLAC Annuity Rates - September 2019
		If you invest $100,000 in a Cash Refund QLAC, you'll receive the following monthly income beginning at age...
Present gender / age		75	80	85
Male Age 50		$1,874	$2,992	$5,362
Female Age 50		$1,733	$2,701	$4,679
Male Age 55		$1,527	$2,429	$4,338
Female Age 55		$1,415	$2,195	$3,779
Male Age 60		$1,235	$1,955	$3,469
Female Age 60		$1,147	$1,772	$3,026
Male Age 65		$988	$1,554	$2,754
Female Age 65		$920	$1,416	$2,396
To get your free, personalized QLAC quote click here

- Doug Myrick