Palm Springs 401k Annuity & Annuities
At MyAnnuityGuy.com™, we want to help educate those who are already retired or who will be retiring in one to two years about various annuities, including Palm Springs 401k annuities. No one wants to face their retirement years filled with fear that their income source will run dry; you want to be able to live comfortably, pay your bills, and perhaps engage in a few of those leisurely activities such as traveling that you've dreamed about all of your life. If you are considering a Palm Springs 401k annuity or just want to know how it works, below you will find some basic information to help you understand these investment products.
Here are some of the advantages of a Palm Springs 401k annuity:
Flexibility. By rolling your 401k into an IRA (individual retirement account) within a variable annuity, you can change where you invest your funds (i.e. fixed interest accounts, actively managed funds, etc.) depending upon your own personal goals, or the investment climate.
Principal is guaranteed. Unlike stocks, bonds or mutual funds that are associated with your 401k account, a 401k rollover annuity guarantees principal.
Income protection. With Palm Springs 401k annuities, you are guaranteed an income for life; you receive a check each and every month from the insurance company.
Death benefit protection. Many insurance companies offer death benefit protection for a small additional fee with deferred variable annuities. Enhanced death benefits may be added to your annuity for a small fee of about 0.25% to 0.75% annually.
There are two primary types of Palm Sprin*gs 401k annuities available should you decide to roll your 401k over into an IRA annuity - immediate and deferred. The immediate annuity guarantees that your income is protected, and that for as long as you live you will receive a check every month. A deferred annuity allows you to benefit when the stock market experiences an upswing, although this type of annuity is a bit riskier. You are in control of your principal, and still receive monthly payments; however, should the market perform well you enjoy a higher return and income can be increased when you lock in at a higher principal value.
For many who are retired or will soon enjoy retirement, it's just psychologically easier to contribute small amounts over a period of time than to hand over a substantial chunk of money. This is another reason that a Palm Springs 401k annuity may be for you, if the thought of giving a large portion of your life savings to an insurance company is intimidating.
You want predictability in retirement, knowing that you can depend on income every single month. It's natural to face retirement with a bit of intrepidation, as so many investments today are unstable or even handled by unscrupulous stock brokers and financial planners. At MyAnnuityGuy.com™, we make easy work of helping you understand Palm Springs 401k annuities and whether it is the best choice for your situation. Our expertise, guidance and recommendations will allow you to enjoy retirement without financial worries. Contact us any time, day or night. We're here 24 hours a day to help you make wise retirement income decisions.
Annuity Owners Manual
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