Using QLACs to Reduce TSP Required Distributions and Establish Guaranteed Income
In 2014, the US Treasury introduced a longevity pension agreement called a Qualified Longevity Annuity Contract (QLAC), which qualifies as a type of deferred income pension. QLACs can be acquired through various retirement accounts like 401(k)s, 403(b)s, SEP IRAs, and traditional IRAs. However, it’s important to note that QLACs aren’t available through the Thrift Savings […]