Heightened concern over American workers outliving their financial resources has led Congress and several regulatory agencies to look for options to extend savings accumulations over a worker’s lifetime. In February 2012, the IRS issued proposed regulations for what it calls “qualified longevity annuity contracts,” and accompanying guidance in the form of two revenue rulings to enhance understanding of those regulations. What follows is Ascensus’ analysis of these revenue rulings, as well as a link to our earlier analysis of the proposed regulations.
http://www.ascensus.com/pdfs/WashingtonPulse52012.pdf