Curious About a QLAC? SECURE 2.0 Act Gives This Annuity a Boost

New legislation raises the amount you can transfer from your rollover IRA to a qualifying longevity annuity contract (QLAC), reducing RMDs and increasing guaranteed lifetime income.

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The SECURE 2.0 Act of 2022, enacted at the end of December, contains provisions that make it much easier to purchase a pension-like annuity called a QLAC for your retirement income plan. The new legislation allows you to defer more taxes and buy more retirement income from your 401(k), rollover IRA or similar tax-qualified accounts. The maximum QLAC per individual is now $200,000 with no percentage-of-savings limit.

Combine this with the higher annuity payouts due to higher interest rates from these vehicles, and we’re talking about 100% to 250% more income from this source when compared to December 2021. Importantly, QLACs, or qualifying longevity annuity contracts, are offered only by some of the highest-rated insurance companies in the U.S.

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Jerry Golden, Investment Adviser Representative
President, Golden Retirement Advisors Inc.

Jerry Golden is the founder and CEO of Golden Retirement Advisors Inc. He specializes in helping consumers create retirement plans that provide income that cannot be outlived. Find out more at, where consumers can explore all types of income annuity options, anonymously and at no cost.