A Qualified Longevity Annuity Contract (QLAC) can be represented in MaxiFi in this way:
Let's say you want to invest $100K of your regular IRA in a QLAC, which will pay $5K starting when you are 85.
Here's what to do:
1) Reduce your IRA asset balance that you enter under retirement accounts by $100K.
2) Enter the QLAC payments as an annuity that's 100 percent taxable.
3) Set the percentage payable to a surviving spouse to 100 percent.