Getting the most from your Pension/401k
When you retire you'll have important decisions to make concerning your
company's Pension/401k plans. Your company will give you various
annuity payout options.
Normally these are not as high as we can find for you in an
independent market search.
You are allowed to roll your pension monies on a Tax Free
Basis into
a Pension/IRA that you control. We use only highly rated insurance
companies and find you the most competitive payout rates. Plus....
this means your retirement funds will be with a multi-billion dollar
insurance company instead of merely being at your former company,
where you don't have control of the asset.
What if I don't Annuitize?
After you've rolled your company's Pension/IRA you're not obligated
to annuitize your account. At age 70 1/2 the government requires you
to take a "minimum distribution". The insurance company makes this
calculation and sends the money to you every year. This is called a
systematic withdrawal.
Can I take more if Ineed it?
Yes, you can. All that you take is merely treated as taxable income.
Why is this different than Annuitizing?
If you can live without the income until you're 70 1/2 this let's you be
in
total control of the asset for the rest of your life. You'll take whatever
you
want each year and the rest continues to grow at interest. At your death
the remaining balance goes to your named beneficiary.
If I plan to let my account grow until 70 1/2 can I take
money before, if I need it without annuitizing?
Yes, merely withdrawal what you need and the rest grows at interest.
What is the advantage of using this type of contract from
an insurance company?
Safety of principal is a big advantage. These contracts have a base
minimum interest guarantee (3-4%) which protects your retirement income.
When it comes to your pension rollover you don't want any of your funds
at risk to downturns in the market. We only use highly rated insurance
companies with billions of dollars in assets.
Whether I choose to annuitize my rollover immediately or
wait until 70 1/2, why should I use the Wall St. Insurance
Group, Inc.
We're independent brokers and advisors with clients all over
the U.S.
Mr. Olson has been assisting clients with their retirement planning since
1982.
We work diligently to place our clients interests above all others.
LongTerm Care Information & Quote Request
Form
FAQ's ABOUT RETIRING
Copyright©1997 The Wall St. Insurance Group, Inc., All Rights
Reserved.
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