IRA Rollovers & 401k Rollovers
The choice of where to place your 401k or IRA rollover is one of the biggest decisions you will ever make. One day, maybe soon, you will want your rollover to provide you with a reliable, sustainable income that you can never outlive—like a pension. At the same time, you may not want to give up access to the principal. In the past, you had to give up one or the other–you could not have both features in the same IRA rollover account. Today, that has changed!
Access to principal values, guaranteed income at higher rates, and the potential for growth of your account based on the upside of the market without downside risk—all are now available in high quality, world class annuities from the nation’s leading insurers.
What’s important to you in a 401k or IRA rollover? Safety? Security? Growth? Income? Low fees? Flexibility? Is it possible to have all of these features in one diversified account with solid guarantees? Today, many retiring engineers, managers, and teachers are finding the answer is yes, and they are turning their focus to Hybrid index annuities in Phoenix, Scottsdale and Palm Springs.
Face it, you can no longer afford setbacks from market declines and invasion of your principal by steady fees and expenses. At MyAnnuityGuy.com™, we know your goal is being financially secure and stress-free as you enter your retirement years. You want to stop worrying, yet you don’t want to fall asleep at the wheel. Your money still has to be working hard while you take time to stop working.
MyAnnuityGuy.com™ is your source for top yielding 401k rollovers, and for the best yielding IRA rollover in Phoenix, Scottsdale, Gilbert, and Palm Springs. You want safe, reliable and sustainable income. Those in the Phoenix or Palm Springs areas may be interested in learning more about 401k and IRA rollovers, and the associated advantages of rolling your account over to an annuity. No other financial tool can pay a guaranteed reliable, sustainable, and uninterrupted income, funded for life by a legal reserve insurer.
In fact, you may want to explore the many benefits of the new generation of Hybrid annuities, which combine upside market potential and protection against downside loss, integrated with a form of personal pension income that you can turn on and turn off as you see fit (flexibility.) Because it combines so many benefits, found and derived from various types of annuities, it is known as a “Hybrid” income annuity.
We know that no one wants to face their retirement years worrying about whether they will have enough income to last for life. This is a time when you want to live comfortably and enjoy a slower pace, without money worries. The information below will help you better understand IRA and 401k rollovers, hopefully answering key questions.
First of all, you can roll your 401k or IRA into any form of annuity—fixed (CD type), variable, immediate, or Hybrid Index—with no tax consequences. The process is simple, involves standard paperwork (which we are experts in), it is safe, and it is highly regulated for your protection.
Your funds are transferred directly within IRS rules—the rollover is not a taxable event because both the 401k (403b for teachers) and the IRA are classified as tax deferred vehicles under the same Section of the IRS code.
The letters “IRA” can stand for Individual Retirement Account, Individual Retirement Annuity, or Individual Retirement Arrangement—all pass muster with the IRS.
Life insurance companies are the only bonafide issuers of annuities and serve a dual role as registered, recognized IRA trustees in the eyes of the IRS. There is no issue whatsoever rolling your 401k or 403b into an annuity IRA. It is done every day of the week, in the billions of dollars every year.
If you are not yet 59 1/2 years old, you may worry that you will be penalized tax-wise for withdrawing from your 401k or IRA account. This is not true when the rules are followed. If your goal is to simply transfer your account into an IRA deferred annuity to keep growing your future lump sum or income, it is a non-taxed event. Both your existing IRA account and the new IRA annuity account are classified as tax “qualified” accounts.
By contrast, if you attempted to roll over your 401k or IRA into ANY non-qualified account—annuity or otherwise, you would then have a taxable transaction. This is easily avoided. That’s where MyAnnuityGuy.com™ can help. We make it simple, stress-free and easy.
No matter your age, a direct rollover or transfer are not taxed at either the federal or state level, when all the paperwork is in order. While there is a 10% federal penalty tax for individuals who withdraw from their accounts before reaching age 59 1/2, this can be avoided if you are looking to start your income right away (not common, but do-able.) If you are under 59 ½ and seeking income, you can set up your annuity to pay you (or you and your spouse, jointly) over your lifetime, a tax penalty will be avoided. If you are over 59 ½, this is unnecessary. Alternately, you may want to consult the IRS 72q and 72t rules to determine an amount you can withdraw without exceeding the level that will incur a tax penalty. Either way, it is advised that you consult with a financial advisor or planner to determine if this is the best solution for you prior to purchasing an annuity.
We realize that the topic of annuities, 401k and IRA rollovers are complex, and not always easy to understand. Unlike other methods many individuals use in an attempt to “protect” their financial future (investing in stocks, bonds, mutual funds and other securities), annuities offer true protection—in the form of safety, yield, liquidity, income guarantees, and flexible access to principal.
The right annuity can be as close to risk-free as you can find in the 401k or IRA rollover universe.
Compare Annuities Free
The MyAnnuityGuy.com™ system can compare over a thousand annuities to find the annuity or annuities that are right for you. There is no need to become stressed or concerned. Our goal is to provide you with expert advice and honest answers.
Our commitment to you is to help you compare, sort and find the best retirement opportunities. We’ll help you with all of the answers and guidance you need from a recognized educator in retirement income planning, any time of the day or night. We not only answer your questions regarding 401k and IRA rollovers into annuity IRA’s, we provide you with guidance and will recommend products that we feel would benefit you most. Even better, we do the paperwork so you don’t have to! Contact us today, and let us help ensure you that your retirement years are everything you dreamed of.