QLACs Can Deliver Late-in-Life Income

"The strongest of all warriors are these two--Time and Patience." Leo Tolstoy was writing about real blood-and-guts combat in his novel War and Peace. But the same can be said about the battle for financial security in retirement. Every good soldier knows that the key to victory is saving early and often. But a relatively new tool, the qualified longevity annuity contract, or QLAC, can pay off for latecomers.