In this episode, The Annuity Man discusses:

• Why DC wants people to start planning for their retirement income
• How Qualified Longevity Annuity Contracts (QLACs) were the original idea
• The new "fiduciary safe harbor" provision, and what it means to you
• The original intent of Social Security payments in retirement

Key Takeaways:

• If you have a Traditional IRA, you should consider a QLAC
• Company retirement plans will now start offering annuity income products
• The RMD (Required Minimum Distribution) age rose from 70 ½ to 72
• The stretch IRA strategy is now only applicable to spouses

"Social Security was never intended to be the primary source for retirement income needs." — The Annuity Man

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