Maximize Your 401(k) Now: Roll Over into a Fixed Annuity
If you're between the ages of 35 and 45, you might think you need to wait until retirement to roll over your 401(k) into a fixed annuity. But that's not the case! Many plans allow you to roll over your 401(k) into a fixed annuity while you're still working, enabling you to secure higher returns now and still keep contributing to your employer's plan—with matching contributions intact.
Key Facts to Know:
- Rolling over your 401(k) into a fixed annuity can be done while you're still employed, even if you're in your 30s or 40s.
- You don't have to choose between your 401(k) and an annuity—you can have both!
- By keeping your 401(k) with your employer, you can continue receiving employer matching contributions while also benefiting from the high, stable returns of a fixed annuity.
What is a Fixed Annuity?
A fixed annuity is a powerful financial tool that offers a guaranteed interest rate over a set period, allowing your savings to grow faster than in a traditional savings account. This makes it a great option for those looking to boost their retirement income with minimal risk.
John’s Story: Rolling Over $133K in His 401(k)
John, a 47-year-old professional, discovered that he could roll over his $133,000 401(k) Roth balance into a fixed annuity without waiting until retirement. By doing so, he locked in high-interest rates, ensuring significant growth by the time he reaches retirement age.
Emily’s Experience: How She Rolled Over $40K in Her 401(k)
Emily, a 30-year-old, rolled over $40,000 from her 401(k) into a fixed annuity, while continuing to contribute to her employer’s 401(k). This strategy allowed her to maximize her retirement savings by securing high, guaranteed returns, while also benefiting from her employer's matching contributions.
Myth Busted: You Can Keep Contributing to Your 401(k)!
Many people believe that rolling over their 401(k) means losing out on employer matching contributions. However, that's simply not true. You can roll over a portion of your 401(k) into a fixed annuity while keeping the rest with your employer, allowing you to continue contributing and receiving those valuable employer matches.
Discover Your Rollover Options Today