Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
How retirement savers are stretching their IRAs: The QLAC archipelago Retirees may opt to buy a Qualified Longevity Annuity Contract within their IRAs and employer-sponsored retirement plans to defer the required minimum distributions until they reach the age of 85, according to The Street. This option is recommended for tax-sensitive retirees who turn 70 1/2, the age when they have to start taking RMDs. However, the tax bill waiting for them when they turn 85 may be significantly high. — The Street
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