Honest advice, trusted outcomes.
About
Andy makes planning decisions easy with his honest advice and trusted outcomes.With decades of planning and advising, the Wealth Transfer Experts team provides every client unique and specialized services that they need to protect their future.Andy has served over 3,500 families from all over the world with a specialty in transfer planning --transferring wealth up or down a generation, while minimizing taxation.He stays on the cutting edge of new laws, products and practices, keeping ahead of trends and utilizing time tested financial practices.Andy's most recent studies will bring him eligibility to sit for the CPA exam in 2023 with a formal tax practice forthcoming.The Wealth Transfer Experts team is represented across the USA with offices in Minnesota, New York, California, Florida, and Arizona.
As well as a select suite of international partners.Andy and his family reside in Minneapolis, Minnesota.
Honest advice, trusted outcomes.
Our expert work, tailored to your needs.
We will make your planning simple and your future secure.We protect your assets by using time-tested, simple, and universal practices, aligned with your values.We never have hidden fees or complicated agreements.Just honest advice and trusted outcomes.Our services:
Wealth transfer
Tax planning
Sophisticated wealth shelters
Trust & Estate Planning
Preparing for Unexpected Death or Disability
Reducing Taxes & Liabilities
Transitioning Businesses & Family Wealth
Roth conversions
Private pension plans
Longevity annuities
Premium financed life insurance
Honest advice, trusted outcomes.
Contact Us
Let us bring stability and security to your future.
Honest advice, trusted outcomes.
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QLAC
Secure your future.
What is a QLAC?
QLAC = Qualified Longevity Annuity Contract, is a deferred income annuity that is designed to be used with 401ks, IRAs and other defined contribution retirement plans.They are a unique planning tool used to mitigate the risk of outliving savings by providing a guaranteed source of income that cannot be outlived.They also allow you to defer or reduce your Required Minimum Distributions (RMD's), saving you tens of thousands in taxes.
Why use a QLAC?
1. QLACs provide a guaranteed stream of income later in life, eliminating the risk of outliving your money.2. A QLAC will supplement other sources of retirement income, such as Social Security and pension payments.3. Tax benefits: QLAC's allow you to defer up to $200,000 until age 85.4. Many people utilize QLAC's to finance their long term care needs. 70% of individuals will need additional care as the age and the guaranteed income from a QLAC provides security to support any of the needs you face as you aged.5. Getting a divorce? QLAC's have a special clause allowing you to keep more benefits for yourself and protecting it from your former spouse and their retirement-- This is especially important if there is a big age gap at play.
How much money can you place into a QLAC?
The maximum QLAC premium for 2023 is $200,000 and will be indexed for inflation in the future. Your maximum may vary based on the amount of money in your qualified accounts.
Honest advice, trusted outcomes.