U.S. News Features Comments from Mark Edwards About the Future of Annuities
July 29, 2015
U.S. News & World Report spoke with Gardere Tax Partner T. Mark Edwards about the promising future of annuities. As a result of the Qualified Longevity Annuity Contract established by the IRS, annuities are predicted to gain momentum in the coming years thanks to new guidelines for investors on creating annuity-based pensions.
However, QLAC requires a cap of 25 percent of total individual retirement account-type assets, or $125,000, whichever is less. "These contracts do provide some form of protection against running out of funds in retirement," said Mr. Edwards. "But [a QLAC] generally would not substitute for defined benefit pension programs that used to be widely maintained by employers."
The full article can be accessed here.
Related News
July 11, 2025
In the News
Foley Attorneys Assess Critical IP Considerations for Emerging Medical Device Companies
Foley & Lardner LLP attorneys Shabbi Khan, Nate Beaver, Austin Kim, and Jeff Simon authored the Med Device Online article, "Critical Considerations For IP & Patents For Emerging Medical Device Companies."
July 11, 2025
In the News
David Morris Featured for Arrival to Foley's Salt Lake City Office
Foley & Lardner LLP partner David Morris is highlighted across legal press for his recent arrival to the firm.
July 10, 2025
In the News
Ann Marie Uetz Comments on Automotive Supply Chain Approach to Evolving Tariff Environment
Foley & Lardner LLP partner Ann Marie Uetz shared perspective from the automotive supply chain amid the evolving trade environment in the Crain's Detroit article, "Ford, Stellantis tighten terms on suppliers as tariff costs add up."