When most people sit down with a financial advisor to plan for retirement, they hear about 401(k)s, IRAs, annuities, and Social Security optimization. But one option rarely makes the list: the Qualified Longevity Annuity Contract (QLAC). Despite its potential to reduce required minimum distributions (RMDs) and provide guaranteed income later in life, QLACs remain underutilized. Many advisors skip over them—either due to lack of familiarity, commission structures, or a preference for more conventional tools. Yet for certain retirees, this overlooked strategy could be the key to long-term financial security.
