QLACs Can Deliver Late-in-Life Income
Here's what you need to know about qualified longevity annuity contracts.


"The strongest of all warriors are these two--Time and Patience." Leo Tolstoy was writing about real blood-and-guts combat in his novel War and Peace. But the same can be said about the battle for financial security in retirement. Every good soldier knows that the key to victory is saving early and often. But a relatively new tool, the qualified longevity annuity contract, or QLAC, can pay off for latecomers.

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Get Kiplinger Today newsletter — free
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

-
Stock Market Today: Stocks Struggle Amid Tariff Uncertainty
Boeing dropped after China suspended new aircraft orders, while Bank of America and Citi climbed on earnings beats.
By Karee Venema
-
Starbucks 2025 Dress Code Changes: See the New Look
The 2025 Starbucks dress code change features a uniformed look as part of creating a more familiar and friendly cafe experience.
By Sean Jackson
-
457 Plan Contribution Limits for 2025
Retirement plans There are higher 457 plan contribution limits for state and local government workers in 2025. That's good news for state and local government employees.
By Kathryn Pomroy
-
Medicare Basics: 11 Things You Need to Know
Medicare There's Medicare Part A, Part B, Part D, Medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare — and much more.
By Catherine Siskos
-
The Seven Worst Assets to Leave Your Kids or Grandkids
inheritance Leaving these assets to your loved ones may be more trouble than it’s worth. Here's how to avoid adding to their grief after you're gone.
By David Rodeck
-
SEP IRA Contribution Limits for 2025
SEP IRA A good option for small business owners, SEP IRAs allow individual annual contributions of as much as $70,000 in 2025, up from $69,000 in 2024.
By Jackie Stewart
-
Roth IRA Contribution Limits for 2025
Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
By Jackie Stewart
-
SIMPLE IRA Contribution Limits for 2025
simple IRA The SIMPLE IRA contribution limit increased by $500 for 2025. Workers at small businesses can contribute up to $16,500 or $20,000 if 50 or over and $21,750 if 60-63.
By Jackie Stewart
-
457 Contribution Limits for 2024
retirement plans State and local government workers can contribute more to their 457 plans in 2024 than in 2023.
By Jackie Stewart
-
Roth 401(k) Contribution Limits for 2025
retirement plans The Roth 401(k) contribution limit for 2025 increased, and workers who are 50 and older can save even more.
By Jackie Stewart