Compare Arizona’s Monthly Pension Payouts vs. Lump Sum IRA Rollovers
Use our Arizona State Pension Calculator to explore your retirement options. Discover whether a monthly payout or rolling your lump sum into an IRA fixed index annuity with a Guaranteed Lifetime Withdrawal Benefit is the best solution for your unique retirement needs. Our calculator helps you compare the pros and cons, empowering you to plan your retirement income and maintain control over your accounts.
Below is an estimate of the annual income you’ll receive if you roll over your Arizona State Pension into an IRA annuity with a GLWB.
Calculator Purpose
The Arizona State Pension Calculator helps pension owners estimate their monthly payout or assess the benefits of transferring or rolling over their lump-sum into a new IRA fixed-index annuity. This tool supports retirement income planning, helping you make informed decisions tailored to your financial goals.
Key Features
- Monthly Payout Option: Estimate the steady income from the state pension annuity.
- Lump Sum IRA Rollover: Compare the benefits of maintaining control over your retirement accounts by rolling over your lump sum into a fixed index annuity with a Guaranteed Lifetime Withdrawal Benefit.
What We Can Help You Do
Roll Over to a Personal Annuity With a GLWB
Keep control and secure a higher, guaranteed income for life.
If you’re eligible for a lump sum payout from your Arizona pension, you can roll those funds into a personal fixed indexed annuity with a Guaranteed Lifetime Withdrawal Benefit (GLWB).
✔ Payouts based on up to 8% income-based growth
✔ Guaranteed income for life—even if the account runs out
✔ Leave a lump-sum death benefit to beneficiaries
✔ Income can start when you choose—not when the pension dictates
Unlike your state pension, which disappears when you die (unless you choose a lower joint payout), a GLWB gives you:
- Higher income potential
- Flexible start dates
- Inflation-protection options
- Control over how the contract is structured
- Full spousal continuation options
You can fund the annuity with:
- Lump sum pension rollovers
- 401(k) rollovers
- 403(b), 457(b), and IRA transfers
- After-tax money (nonqualified funds)
Compare the GLWB vs. Arizona’s Pension Annuity
| Feature | Arizona Pension Annuity | Personal Annuity With GLWB |
|---|---|---|
| Income for life | ✔ | ✔ |
| Control over contract | ✘ | ✔ |
| Death benefit | ✘ | ✔ (remaining balance goes to heirs) |
| Inflation protection options | ✘ | ✔ |
| Flexible start date | ✘ | ✔ |
| Up to 8% income-based growth | ✘ | ✔ |
| Ability to compare providers | ✘ (1 option) | ✔ (25+ companies) |
Pros and Cons
Monthly Payout from State Pension:
Pros:
- Guaranteed, predictable income for life.
- No need to manage investments.
Cons:
- Limited flexibility or control over the funds.
- Payments stop when you or your beneficiary passes away, depending on plan terms.
Lump Sum Rollover into Fixed Index Annuity:
Pros:
- Don’t give up control over your retirement accounts.
- Offers income planning in retirement with potential inflation protection.
- Funds can grow tax-deferred with market-linked interest.
- Beneficiaries can inherit the remaining funds as a lump sum.
Cons:
- Investment performance may vary depending on the annuity’s terms.
- Early withdrawals may result in penalties.
Other Arizona Resources
- Explore Arizona Retirement Planning Resources
- Estimate Arizona Retirement Income Taxes
- Compare Arizona Annuity And CD Rates
- Compare High-Yield Savings Accounts In Arizona
- Compare Long-Term Care Insurance In Arizona
- Compare Life Insurance Rates In Arizona
- Contact Arizona Department of Insurance and Financial Institutions
- Contact Arizona Securities Division
- Learn About Protection From Arizona Life and Disability Insurance Guaranty Fund
Why Choose The Annuity Expert?
Our retirement planners specialize in finding the best solutions for your unique retirement. Whether you want to transfer or rollover your retirement accounts or fund with cash, we help you shop for the best options for your needs. Before you buy, use our calculator and book a no-obligation consultation.
Estimate Arizona Pension Annuity Payments
Book a Call with our retirement planners for a free, no-obligation consultation to find the perfect solution for your unique retirement needs.