We are discussing the options available to all who have 401 accounts with their previous employers.
Question for you, do you ever log in to your account and see the value of it, is it going up or down?
Do you spend time checking out the statements about the accounts? And know the change in value over the years.
If your answer is no. Then, you need to have more control over it.
I can help.
There are some options available to move the account to an index base qualified annuity with no early withdrawal penalty and no taxes taken from the account by the IRS.
One of the options is 15 years annuity with 15% bonus upfront, and account value will increase over the years based on index performance and investing strategies.
It also offers down-market protection, which means if the market is down, your portfolio value will remain same, it will not change. e.g. if in 2 years, your portfolio is $100k, and the market is down, your account value will stay $100k, it will not lose its value.
If you are above 50 years old, you have another option to get 10 years annuity with life income.
Earlier you start, you will see more gain with time.
I am here to help. Let me know.
You should have better control over your retirement account that you will use later in life when you need it. Thank you.
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