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Qjsa Form Prudential

Qjsa Form Prudential

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Instructions and help about Qjsa Form Prudential

hey John Stevenson here the guaranteed retirement guy and today I want to talk to you about a qac what is a CAC exactly well it stands for qualified longevity annuity contract okay so basically it needs to be done with a qualified account maybe an IRA a traditional IRA IRAs are exempt um because they don't have to have rmds whereas your traditional IRA does have to have an rmd so typically what you can do with a qac what people do is maybe you're nearing retirement and usually you're 65 years old or older and you're getting close to that rmd age and maybe you're looking at your account and you're realizing that you're going to have to take your rmds and maybe you don't need to okay but you want to kind of conserve some of your portfolio and protect it against taxes and maybe maybe that rmd that you are being forced to take out maybe that that will even increase your current tax bracket making you pay more in taxes so a qac

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