Eliminate 25% QLAC limit for smaller accounts
An associate asks was there a a proposal to eliminate the 25% Qualifying Longevity Annuity Contract premium limit for accounts smaller than $600,000, and just have the indexed $125,000 limit for all account sizes? If so what is the status?
Regards
Brian
Permalink Submitted by Alan - IRA critic on Tue, 2015-11-17 17:06
Have not heard of such a proposal, but since the final Regs were released only a year ago after consideration of QLAC limits, I doubt there would be a change anytime soon. Having a large % of a modest retirement account tied up in a QLAC till age 85 was a major concern when the current limits were approved.