023: How The Secure Retirement Act & DC Affects Annuities

In this episode, The Annuity Man discusses:  Why DC wants people to start planning for their retirement income How Qualified Longevity Annuity Contracts (QLACs) were the original idea The new "fiduciary safe harbor" provision, and what it means to you The original intent of Social Security payments in retirement   Key Takeaways:  If you have a Traditional IRA, you should consider a QLAC Company retirement plans will now start offering annuity income products The RMD (Required Minimum Distribution) age rose from 70 ½ to 72 The stretch IRA strategy is now only applicable to spouses   "Social Security was never intended to be the primary source for retirement income needs." —  The Annuity Man     Connect with The Annuity Man:  Website: TheAnnuityMan.com  Email: [email protected]  YouTube: Stan The Annuity Man