I am required to start taking RMDs from my 401K. I have been told that I can continue deferring up to 1/4 of my account by purchasing a QLAC. Everything I read says that there is also a $135K limit and the only effect on the RMD in the year the annuity is purchased with funds from the retirement account is to reduce the year-end balance from the prior year which is used to compute the current year RMD. I have told however that the limit was removed and furthermore that the RMD need not be taken in the year the QLAC is purchased. Are those 2 statements true - i.e., have the QLAC regulations changed in that regard despite my inablility to find that information via google? I am not asking for investment advice, I would simply appreciate a clarification of the regulations. Thanks.
