Believe it or not, sometimes the federal government does you a favor. With the Secure Act 2.0 of 2022, investors with qualified pre-tax retirement accounts like those within a 401(k) or Traditional and Rollover IRAs are able to use up to $210,000 (2025 maximum) of those funds to purchase a unique deferred income annuity called a Qualified Longevity Annuity Contract (QLAC).
2026 Retirement Plan Limits
Each year, the Internal Revenue Service updates contribution limits for retirement savings plans and pension plans....
