Last summer the IRS released final regulations on QLACs, or Qualifying Longevity Annuity Contracts. These "deferred income annuities" can be purchased by IRAs and qualified plans (within limits) and the contract values will be exempt from RMD rules until age 85, thus allowing even greater benefit of tax deferral. However, the regulations are fairly complex and raise some questions that they don't answer. 

Here are six questions that producers are asking about this new way of thinking about retirement products.

1. Can a QLAC in a qualified plan be converted to a Traditional IRA? 

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