QLACs can help baby boomers comply with required minimum distributions

The first wave of baby boomers is closing in on the IRS deadline for making required minimum distributions from qualified retirement accounts, writes Mary Beth Franklin, a certified financial planner. Boomers can cut the required distribution by putting 25% of a 401(k) or individual requirement account, up to $125,000, into a qualified longevity annuity contract, she writes.

InvestmentNews (6/20)