How To Benefit from the Tax-Exempt Rollover Rules to Move Your IRA or 401k into a High Quality Index Annuity
Can I roll over my 401k, IRA, or 403(b) accounts into an annuity without paying taxes?
YES. In fact, it is simple as 1,2, 3. Your new annuity simply becomes your new IRA. here is no NO TAX on the rollover or transfer. Billions of dollars of IRA transfers go into annuity IRAs every year. It is seamless– There is no charge, no fee, and no tax on the transfer process.
Many FIA’s offer a premium bonus upon opening your new IRA. 100% of your money, plus the bonus amount can go to work right away, with no deductions or sales charges.
Additionally, you can have your employer roll over your 401(k) funds into your new low cost, principal protected Annuity IRA without withholding any taxes. We help every step of the way to make it easy. Here’s the key: You will not be taking the annuity out of the status of being an IRA at any time, therefore the transfer is tax exempt, and there are no taxes to be withheld. The paperwork is identical whether IRA or not—we merely check the box for IRA status when rolling from your 401k, 403b, 457, or IRA. Roth rules are the same—you can transfer your current risk-based Roth IRA to a Secure Annuity Roth IRA. It is not a taxable event.
Do you provide assistance with IRA or 401k rollovers?
Yes, more than 70% of our business is in the area of rollovers and direct transfers of IRAs, 401ks, and 403bs—both Traditional and ROTH. It is a particular specialty of ours and we can make the process very simple for you. Annuities cannot be purchased by clicking on the internet, however. Your only decision is whether you would prefer to meet with a licensed agent, or if you would rather open your account through the mail and telephone method. For help, simply call us at 1(888)310-1776.
How can I find and purchase an IRA annuity?
It starts with your choice: Hybrid or immediate annuity. With immediate annuities, the process is very simple. It is easy to locate and choose an immediate annuity because it comes down to ratings and rate of payout. We’ll give you quotes from the leading carriers. We only work with top tier carriers—the same as you will see on any major website on the internet. There is no need to work with an agent on the east coast if you live in the Western United States. We are licensed in Arizona, California, Utah, and Texas for example, and can match you with an ethical agent.
For a Hybrid Annuity IRA transfer, we recommend meeting with a licensed agent using our GPS system. Locating and purchasing an IRA annuity is simple. Your first step is to review the annuity rates located on our web site. As Accredited Members of the Better Business Bureau and state regulated, our agents do not ever come into contact with your funds. Transfers are insured and move from one regulated institution (your current IRA custodian) to another regulated institution (your new IRA custodian.) The paperwork is similar to mutual fund paperwork—an annuity application and a direct transfer authorization form, enabling you to begin the roll-over process immediately. We will assist you in completing the necessary forms, after which the insurance company will complete the transfer. The services we offer are free of charge.
My retirements funds are currently residing in a 401(k) account, held with my employer. How do I roll over these funds to an insurer?
Depending on your employer, you will have different roll-over rules and procedures. Your first step is to contact your human resources department and ask it they have employer specific forms for you to fill out. Generally it is a four page form where you will name your new IRA Custodian (the annuity/insurance company.) Again, this is a simple process and we will help you every step of the way!
I am under age 59 1/2. What tax penalties will apply to me?
You can transfer from any IRA account you currently have into a Hybrid IRA annuity with no tax consequence when you use the proper paperwork. There is no check to write and you will not lose any money or be assessed with any tax or withholding. If you are thinking of making withdrawals from your IRA or 401(k) but you are not yet age 59 1/2, BE CAREFUL! One popular idea is to use the proceeds from a Hybrid annuity to acquire Index Universal life insurance, using IRS 72t or 72q rule levels. Under this circumstance, the IRS code allows for bypass of the 10% penalty for withdrawal prior to age 59 1/2.
IMPORTANT DISCLAIMER: This information is not intended to provide tax or legal advice. Before making any decisions related to the rollover of a qualified account into an annuity or any IRA account, you are advised to consult with proper legal or tax professionals to determine the tax consequences in your financial situation. Thank you.