QLAC RMD Offset
Can the RMD from QLAC offset RMDs for other IRA assets? In other words, can clients utilize QLAC RMD to satisfy non-QLAC RMDs?
Can the RMD from QLAC offset RMDs for other IRA assets? In other words, can clients utilize QLAC RMD to satisfy non-QLAC RMDs?
Permalink Submitted by Alan - IRA critic on Thu, 2025-02-06 17:40
Yes, the RMDs can be aggregated over all IRA accounts. That will require the QLAC provider to determine the prior year end value of the QLAC. This is the same situation as if the QLAC was any other IRA annuity account.