How a Qualified Longevity Annuity Contract Can Cut Your RMD Tax Bill

Lucas and Luna revisit the QLAC (Qualified Longevity Annuity Contract) but from a fresh angle: using it to reduce Required Minimum Distributions (RMDs) during your 70s and 80s. They walk through a concrete example with a 65-year-old with a $1.2 million IRA, showing how putting $200,000 into a QLAC can shrink RMDs by roughly $7,500 per year in early retirement, deferring taxes and potentially lowering Medicare IRMAA surcharges. They also cover the $200,000 QLAC cap, how income from the QLAC starts at age 85, and the trade-off that heirs don't get the remainder. No fluff, just numbers. #QLAC #RequiredMinimumDistribution #RMD #RetirementPlanning #Annuities #LongevityRisk #TaxStrategy #MedicareIRMAA #IRA #DeferredIncomeAnnuity #LifetimeIncome #RetirementIncome #Finance #FexingoBusiness #BusinessPodcast #AnnuitiesWithFexingo #Longevity #EstatePlanning Keep every episode free: buymeacoffee.com/fexingo