what is the cost of a qlac 
a qlac requires only the investment from your ira or qualified retirement account paid in a lump sum to an insurance company or provider there are no fees associated with the purchase the bottom linea qlac is a deferred annuity funded from a qualified retirement account such as an ira you can purchase a qlac from an insurance provider and set a designated date for your payments to begin irs rules stipulate that required minimum distributions begin at age 85 from the qlac transferring money to a qlac reduces a retiree s annual rmd calculated on other retirement accounts 