2 votes

QLACs are not for everyone, especially if you are in a low income tax bracket or need all the income from your RMDs. So, when is it appropriate? When you do not need the income from your RMD and you are in high tax bracket. Be careful of creating too much taxable income later in life. It may be a handy estate planning tool as well.

Suggested by: Stephanie Vokral Upvoted: 14 Dec, '18 Comments: 0

Under consideration

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