Pension Protection Act Overlooked by Many Retirees. | News Direct

Pension Protection Act Overlooked by Many Retirees. The Pension Protection Act allows annuity owners the ability to take income from their assets tax-free to pay for extended health care costs, not covered by Medicare.

Digital Asset Direct by Jennifer Lang Financial Services, LLC

facebook icon linkedin icon twitter icon pinterest icon email icon Houston, Texas | July 06, 2021 10:05 AM Eastern Daylight Time

In 2010 the Pension Protection Act became law. The little known law allows annuity owners to convert taxable assets to tax-free income when the funds are used for qualifying LTC if the need for care arises. A one time premium can provide a tax-efficient way to help pay for LTC. And the issuing life insurance company may credit a higher interest rate to amounts withdrawn for qualifying LTC expenses. Learn more:


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Jennifer Lang


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