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Shield Your IRA from RMDs with QLACs | Durham News
At 73, the IRS demands your IRA money—no matter if you need it. But there’s a clever loophole: the Qualified Longevity Annuity Contract (QLAC). By moving up to $210K into a QLAC, you shield that amount from Required Minimum Distributions, letting it sit untouched until age 85. While payouts are taxed later, they’re excluded from RMD calculations during the deferral. With bond yields rising, now’s a prime time to consider this strategy—even though it’s irreversible and comes with risks like inflation and locked funds. Shop around, but don’t gamble with your retirement. Listen in comfort:Get a…
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