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How a Qualified Longevity Annuity Contract Reduces Your RMD Tax Bill

How a Qualified Longevity Annuity Contract Reduces Your RMD Tax Bill

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Episode 31 of 'Annuities with Fexingo' explains how a Qualified Longevity Annuity Contract (QLAC) can reduce your Required Minimum Distribution (RMD) tax burden by deferring a portion of your retirement savings until age 85. Lucas and Luna break down the IRS rules, the $200,000 limit, and the trade-offs between lower RMDs and forgone growth. Using a concrete example of a 72-year-old with a $1 million IRA, they show how allocating $200,000 to a QLAC can cut RMD income by roughly $7,300 per year from age 73 to 84. The episode also covers the impact on spousal benefits and the irreversible nature of the decision. A practical deep-dive for anyone nearing RMD age who wants to optimize their tax bracket. #QLAC #RMD #RequiredMinimumDistributions #Annuities #RetirementIncome #TaxPlanning #IRAA #IRA #DeferredIncomeAnnuity #LongevityRisk #IRS #RetirementPlanning #Finance #FexingoBusiness #BusinessPodcast #RetirementTaxes #AnnuityStrategy #IncomePlanning Keep every episode free: buymeacoffee.com/fexingo
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