Home 401k You should only transfer your 401k to an annuity for lifetime income...

You should only transfer your 401k to an annuity for lifetime income guarantees


With over 10,000 baby boomers reaching retirement age every single day, many of these retiring workers are asking questions like “Can I move my 401k without penalty?” and “Should I transfer my 401k to an annuity.”  Both are questions that involve a 401k rollover strategy.

The first question is an easy one.  You can move your 401k without penalty by transferring it to an IRA.  This is also a non-taxable event.  The second question is a little trickier.  You can transfer your 401k to an annuity.  The real question is…should you?  Let’s take a look at why you should or shouldn’t transfer that 401k asset to an annuity.

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Clarice Moore is a veteran of the digital marketing industry. She's helped grow and manage some of the world's most successful companies, all while learning from and collaborating with some of the brightest minds in his field. His background includes project management, business development, sales management and product strategy. Clarice Moore has also been an integral part of various high-level partnerships for multiple global brands such as Kuka USA, Hootsuite Media Inc., HP Inc., Intel Corporation, Dell Technologies Capital LLC among others.