QLACs can help retirement savers postpone distributions

Older retirement savers can purchase a type of deferred income annuity known as a qualified longevity annuity contract to put off the day they have to make the required minimum distributions from retirement accounts that are normally mandatory under IRS rules, writes financial planner Andrew Murdoch. "These allow individuals to reduce RMDs by purchasing a QLAC for $125,000 or for 25% of your retirement account balance, whichever is less, deferring the income up to age 85," he writes.

MarketWatch (9/28)