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Concerned about tax levels in retirement? QLACs might be worth examining.
With the pain of Required Minimum Distributions (RMDs) and the impact on taxation of Social Security benefits and Medicare premiums, the topic of the qualified longevity annuity contract (QLAC) has emerged as something that retirees might want to take a look at in their financial planning strategy. Insurance professional and founder of Wall Street Financial Group Inc. Carl W. Zeidler discusses the potential advantages of QLACs as a way to mitigate the effect RMDs can have on your ultimate tax rate in an article posted today on www.kiplinger.com. Read his article here…