Rolling over a 401(k) into an individual retirement account is easy. Just follow these tips and suggestions.
Rolling over a 401(k), into an IRA is easy. My advice to you is to do so using an equity indexed annuity.
Avoid rolling over your 401(k) into a mutual fund, because the next time the market crashes, you could lose money if it’s in a mutual fund.
Equity indexed annuities provide you with safety, and a reasonable rate of return for your money. As the market goes up, your money goes up with it, and when the market goes down, your money is protected, and you don’t lose money.
Equity indexed annuities are issued by life insurance companies. There are many different equity indexed annuities on the market. Get help from a life insurance agent who is experienced with equity indexed annuities, so you select the right equity indexed annuity for you.
A word of caution! Avoid variable annuities, because variable annuities can expose your money to market risk and high fees.
Here is a simple step-by-step way to roll your 401(k) over into an IRA using an equity indexed annuity:
• Get a recent statement for your 401(k) account.
• Contact a life insurance agent who is experienced with equity indexed annuities.
• Tell the agent you wish to roll over a 401(k) into an IRA using an equity indexed annuity. The more information you give the agent, the better he or she will be able to help you.
• The most important part of this process, is finding an agent you trust. Once you find your agent, the rest is easy, because a good agent will do everything else for you.
That’s all there is to it, it’s as easy as 1-2-3.
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