401k Rollover Services
Rolling a 401(k)'s balance over to a Fixed Index Annuity is a non-taxable transaction that protects you from two major retirement dangers: market risk and longevity risk. First, FIAs provide a safe haven from stock market downturns by guaranteeing principal and annual gains against loss.
Not every retirement account can generate a steady lifetime income stream like
fixed index annuities.
Unfortunately, 1 in 5 Americans believe a 401K allows you to receive guaranteed payments throughout your retirement regardless of how the stock market does.
One great thing about a 401(k) retirement savings plan is that your assets are often portable when you leave a job.
There are several factors to consider based on your personal circumstances. The information provided here can help you decide.
Leave your money in your former employer's plan, if your former employer permits it.
Choosing this option means you don't have to make an immediate decision about where to move your savings. Your account stays subject to your previous employer's plan rules, including investment choices, costs, and withdrawal options.
Roll over your money to a new 401(k) plan, if this option is available.
If you're starting a new job, moving your retirement savings to your new employer's plan could be an option. A new 401(k) plan may offer benefits similar to those in your former employer's plan. Depending on your circumstances, if you roll over your money from your old 401(k) to a new one, you'll be able to keep your retirement savings all in one place. Doing this can make sense if you prefer your new plan's features, costs, and investment options.
Roll over your 401(k) to a Traditional IRA.
If you're switching jobs or retiring, rolling over your 401(k) to a Traditional IRA may give you more flexibility in managing your savings. Traditional IRAs are tax-deferred retirement accounts.
With a tax-deferred investment, your earnings can grow tax-free until you withdraw them. This means that instead of paying taxes on returns as they grow, you pay taxes only at a later date. IRAs and deferred annuities are common tax-deferred investments.
Roll over your 401(k) to a Roth IRA
If you're transitioning to a new job or heading into retirement, rolling over your 401(k) to a Roth IRA can help you continue to save for retirement while letting any earnings grow tax-free.
Tax-free withdrawals of earnings are permitted five years after the first contribution that created the account. Once the five-year requirement is met, distributions, if taken, will be free from federal income taxes: (1) after age 59½; (2) on account of disability or death; or (3) to pay up to $10,000 of the expenses of purchasing a first home. Withdrawals that do not meet these qualifications will be subject to ordinary income taxes and a 10% federal tax penalty.
Roll over your annuity into a fixed or fixed index annuity.
Annuities offer guaranteed income, tax-deferred growth with principal protection against stock market losses and Long-term care benefit options not covered by Medicare.
"There is no one who is so wise that they’re too wise for financial knowledge." - Dr. Benjamin LaBrot
Would having a source of protected monthly income help you feel more in control of your money in retirement?
It’s no secret that we can’t depend on Social Security or pensions alone to provide the income necessary to live out our golden years of retirement. Today’s retirees are more active and enjoying longer lives than ever before.
Are you certain your current retirement plan will last as long as you need it and keep you in a comfortable lifestyle? Have your retirement funds been diminished by losses in the stock market?
Well, what if you could enjoy:
the gains of the stock market without the risk;
the tax-deferred benefits of a qualified plan;
the flexibility to fund and withdraw your money tax-free regardless of age and income;
guaranteed lifetime income; and
provide a tax-free income for your heirs?
It’s possible and we can show you how to enjoy the benefits of tax-free retirement income. What are your dreams for retirement? We can help you get there.
Creating Lifetime Income with 401k Rollovers and ROTH IRAs
A ROTH IRA is an individual retirement annuity which allows taxpayers, subject to certain income limits, to save for retirement after after-tax earned income, while allowing the savings to grow tax-free.
In this webinar Jennifer Lang is teaching clients retirement planning strategies for their 401k.
In this webinar you will learn:
How To Start Planning For Retirement
Advantages of the 401k Rollover Annuity
What is a 401k Rollover and When Can It Occur
Risk of Rolling Your 401(k) or IRA into an Annuity
Free Ebook for Attending
We Compare Annuity Rates So You Save Time and Money
Are you searching for the best annuity?
We make it easy for you to find the annuity that pays you the most income from top A rated brands.
We do the work for you by comparing annuities from more than 150 insurance companies including Athene, Nationwide, Pacific Life, Principal, F&G and many others.
To start your personalized quote just enter the required information along with your age, when you want to start receiving income, how much you’d like to invest and we'll do all the work for you!
401K Rollover Consultation
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