The Seaside Blog

A qualified longevity annuity contract, or QLAC is an annuity you purchase from an insurance company using money (from your IRA or other qualified retirement plan such as a 401(k). A QLAC provides guaranteed monthly payments until death and avoids the volatility in the stock market. So long as the QLAC follows the IRS rules, it is exempt from the Required Minimum Distribution (RMD) rules until income stream begins. Purchasing a QLAC lowers your RMD’s which must begin at age 72 and reduces your tax bill in the years prior to the commencement of annuity payments from the QLAC.

This article will use the fact that October is Financial Planning Month as a springboard to educate readers on general financial planning tips.

This article details the top three provisions in the Inflation Reduction Act that the average American will benefit from the most.

What makes up your investment portfolio? Read on to learn more about asset allocation and how you can balance potential risks and rewards.

A retirement lifestyle is more than just saving money; it's also deciding how you want to spend that extra time. Here's a look at what you want to consider.

Retirees are living longer and enjoying many years of good health after they are done working. The average life expectancy of someone age 65 is into their mid-80’s with a high probability of making it into their 90’s. With inflation as high as it’s been in 40 years you may be wondering about how long your money will last.