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Could a Qualified Longevity Annuity Contract Be a Good Choice?

One of the biggest issues facing pre-retirees is longevity. It’s a blessing and a curse. Thanks to advances in healthcare and better standards of living, we generally have longer lifespans than ever before. However, that poses a big problem: ensuring our portfolios last long enough to fund our golden years. To that end, a variety of ideas have been proposed by pundits and government officials; one might be beneficial for retirees.

We’re talking about QLACs.

Do not let the funny name fool you. A Qualified Longevity Annuity Contract could be the tool that investors are looking for. And recent proposals in Congress would make it easier for investors to buy such an annuity. With that, investors may want to consider the new tool for their portfolios.

Be sure to check the Retirement Channel to learn more about investing strategies to build up your nest egg.

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