Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

A Member of the Law Professor Blogs Network

Wednesday, July 23, 2014

New QLAC Regulations May Not Mean New QLAC Availability

IRAAs I have previously discussed, new regulations were released early this month that established the requirements for longevity annuities to be classified as a qualifying longevity annuity contract (QLAC). One of the goals of the new regulations is to increase the amount of 401(k) accounts that offer longevity annuities, which provide protection for retirees from the dreaded outcome of outliving their retirement fund.  However, even with the new regulations, companies may not start offering annuities. A recent survey has shown that 81% out of the 92% of companies that do not offer annuities are unlikely to change that practice.

See Mark Miller, Why Your 401(k) Isn’t Likely to Offer a ‘Longevity Annuity’, Wealth Management, July 22, 2014.

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/new-qlac-regulations-may-not-mean-new-qlac-availability.html

Estate Planning - Generally, Non-Probate Assets | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341bfae553ef01a511e7066e970c

Listed below are links to weblogs that reference New QLAC Regulations May Not Mean New QLAC Availability:

Comments

Post a comment