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).
The sandwich generation
You’re helping your teenager study for the SAT, coordinating your mother’s next cardiology appointment and trying to...
