What You'll Learn
This webinar aims to demystify QLACs, shedding light on their role in deferring income to mitigate longevity risk. We will unpack the contribution limits, explaining how they fit within the broader scope of a client's retirement assets and address the common misconception about…
This webinar aims to demystify QLACs, shedding light on their role in deferring income to mitigate longevity risk. We will unpack the contribution limits, explaining how they fit within the broader scope of a client's retirement assets and address the common misconception about Required Minimum Distributions (RMDs). Our focus will be on how QLACs, exempt from RMDs until age 85, can provide strategic tax advantages and income stream management.
Ruth Schau, Sr. Director of Pension Solutions at Pacific Life, will delve into the scenarios where QLACs serve as a beneficial addition to a retirement strategy, aligning with a client's future financial needs and ensuring a stable late-in-life income. This session is structured to empower you with the knowledge to integrate QLACs into client conversations, reinforcing your role as a trusted advisor in their financial journey.
Learning Objectives:
- QLAC Contribution and RMD Rules: Understand the specific contribution limits of QLACs and their exemption from RMDs until age 85, enabling advisors to manage clients' taxable income effectively.
- Client Suitability Analysis: Identify the client profiles that will benefit most from the longevity insurance that QLACs provide, enhancing advisors' ability to tailor retirement solutions.
- Strategic Integration into Retirement Plans: Learn how to strategically advise clients on the timing and allocation of QLACs within their retirement portfolios for optimal financial planning.
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.