3/8/2015 – Securing Retirement Income with Annuities (USA Today)

The ultimate goal of retirement planning is to have a sufficient income for as long as you live. One possible strategy to help you with that goal is to invest a part of your 401(k) in a longevity annuity.

Here, you pay a premium to an insurance company in exchange for a lifetime income that begins at a certain age. In July 2014, the Internal Revenue Service issued final regulations that include qualified longevity annuity contract (QLAC) in employer-sponsored plans as well as individual retirement accounts.

Read the full article at USA Today.