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Dowd Financial Services – QLAC

Q What? QLAC!


Would you like to reduce the required minimum distribution from your retirement accounts? Consider a Qualified Longevity Annuity Contract (QLAC).*

A QLAC can offer the following benefits:

  • Reduce Required Minimum Distributions (RMDs) on a portion of your IRA assets.
  • Begin income from your QLAC as late as age 85.
  • Guaranteed lifetime income.**

Instead of beginning your RMDs at age 70 1/2 you can defer taking income up to age 85 for the QLAC portion of your traditional IRA dollars. For clients concerned about outliving their income and for those interested in continuing tax deferral, a QLAC might be just the answer!

Call Dowd Financial Services at 413-437-1038 to discuss your individual situation and to obtain further information.

*defined under Section 1.41(a)(9)-6 of the Income Tax Regulation code.

**guarantees backed by the claims paying ability of the issuing insurance company.