Annuity & Insurance Agency
Articles, guides, and reviews about 401(k) retirement plans.
When it comes to planning for retirement, there are a myriad of options available. Two popular choices are the 457 plan and the 401k plan. These retirement plans offer unique advantages and disadvantages, and understanding their differences is crucial for making the best decision for your financial future. This comprehensive guide will summarize the key …
457 vs. 401k: Choosing the Best Retirement Plan for You Read More »
Understanding the difference between a transfer and a rollover is essential when managing your retirement savings. These two terms are often confused, but knowing the distinctions can help you make informed decisions and ensure the long-term success of your financial planning. In this comparison, we will explore the differences between transfers and rollovers, discuss the …
Investing in a 401k plan is an excellent way to save for retirement, but it can be confusing when understanding the rules and regulations surrounding the plan. For example, one of the most common questions employees ask in a 401k plan is whether they will receive part of the company match if they quit their …
Cashing out a 401K Matched by a Previous Employer Read More »
Reaching 60 and thinking about retirement might seem daunting, but it’s never too late to start investing for a comfortable and secure future. This guide will explore various strategies and investment options to help you build a solid retirement plan, even at age 60. By taking a people-first approach, we aim to provide clear, actionable …
When it comes to saving for retirement, planning is essential. For many people, 401k and IRA accounts are the cornerstones of their retirement savings strategy. However, life can be unpredictable, and sometimes you may find yourself in need of accessing these funds before reaching retirement age. In this guide, we’ll explore early withdrawal penalties and …
As retirement approaches, it is essential to understand the various retirement plans available to you. One of the most popular retirement plans in the United States is the 401(k) plan, which allows employees to contribute pre-tax dollars towards their retirement savings. Additionally, Social Security is a government-funded program that provides retirement benefits to eligible individuals. …
How Do I Find My 401k And Withdraw My Social Security Early? Read More »
Annuity vs. 401k. Do you know the difference between an annuity and a 401k? If not, don’t worry – you’re not alone. Many people are confused about the two products, so we’ll break them down for you in this guide. Annuities and 401ks are retirement savings plans but have some key differences. This guide will …
Retirement can be a daunting and confusing time for many people. Knowing where to start cannot be accessible with many options and factors. This is why it is crucial to have a solid understanding of what retirement income is, how it works, and what your options are. This overview will cover the basics of retirement …
When you leave a job, you have a few options for what to do with your 401(k) account. You can take the money out and spend it, keep it in your old 401(k) account, or roll over the money into an annuity. This last option is often the best choice for people looking for retirement …
401k Rollover to Annuity: Can You Roll A 401k Into An Annuity? Read More »
There are a lot of questions people have about their finances. One question that comes up a lot is whether or not you can roll an annuity into a 401(k). The answer to this question is: it depends. This guide will explore what happens when you try to roll an annuity into a 401(k) and …