Insurance Planning
How to Implement Life Insurance Under a Fiduciary Standard
Insurance products, except for a few rare exceptions, pay commissions to licensed advisors and agents. This creates the potential for a conflict of interest between the advisor and the client, since the commission is paid by a third party (the insurance carrier) and not directly by the client. The concern is that an advisor would…
Read MoreQualified Longevity Annuity Contracts (QLAC)- The Treasury’s Effort to Ease Managing the Risk of Outliving Retirement Funds
Actual IRS QLAC Final Regs A copy of the actual final regulations is linked above. This article is intended to provide accurate, detailed summary information about the QLAC regulations in the following areas: 1) RMD changes resulting from the use of QLAC’s 2) QLAC Definition and qualifications 3) Planning implications Longer life expectancy, the shift from defined retirement plans with…
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