Why QLACs could change retirement planning - Let's Get Down to Business

This is the most significant change in retirement regulation in recent times, perhaps since the launch of the Roth IRA. Each retiree can defer up to 25% of their qualified monies not to exceed $125,000 in a qualified longevity annuity contract.The deferral period can extend to age 85. This new regulation could dramatically change retirement planning and potentially save retirees tax dollars by reducing their require minimum distributions. Syndicated financial columnist and talk show host Steve Savant interviews annuity product expert Mike McGlothlin on the impact of qualified longevity annuity contracts. http://youtu.be/gpJjo5Utq0A