Michelle and Josh are here today to discuss financial topics relevant to those of you in or near retirement living your best life along our part of the gulf coast.

Takeaways:

• QLAC stands for Qualified Longevity Annuity Contract, and what it does is allow retirees to take either no more than 25% or $200k of their qualified plan assets and invest it into a deferred income annuity
• The average rate of return matters over a period of time, but what matters more is the timing of those returns
• the worst overall portfolio performance would have actually been from 1973-1974, when the stock market was down 37% combined with 22% inflation, resulting in a negative 59% real return