Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

CNN: Stretch Your 401(k) With Immediate Annuities


On CNNMoney, Penelope Wang suggests that buying immediate annuities with your 401(k) money may be a good bet after you retire. Employers often pay out 401(k) accounts in a lump sum for convenience purposes, but many people struggle to make that money last throughout their retirement. Penelope says that there is even evidence that retirees may be happier when they recieve regular pension-like payments! She claims that they aren’t as popular as you would expect due to the complexity of the annuity market.

Some people are calling for the temporary conversion of 401(k) accounts into annuities, which can be continued permanently if the individual desires. While that doesn’t seem to be on the horizon yet, you can still do it yourself and take all or part of your 401(k) and invest it in an annuity. However, they may have higher costs and lower growth rates than other investments, making them less than ideal for many younger investors far away from retirement. If you’re soon to be or already retired, though, a 401(k) rollover annuity could be for you.

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).