Stifel Client Account Access:  LOG IN          ● 1 Consolidate 2 Manage 3 Retire Well ●                    Contact Us

Yes, you can.

All Rollover Kits include our two Annuity brochures:

Order a Rollover Kit Now!

Annuities

An annuity is a contract between an insurance company and an individual. The funds that are invested in an­nuities can accumulate for or during retirement and can be used to generate income if an individual is over age 59 1/2. One of the most attractive features about annuities is that taxes are deferred until the year they are withdrawn.

The real benefit is that, over time, the funds within the annuity can accumulate more quickly than a taxable investment, thus producing greater retirement income. It is important to note that with annuities, the contract owner decides when to withdraw income and therefore has control over the payment of taxes. Taxes will be due upon withdrawal, and withdrawals prior to age 59 1/2 may be subject to a 10 percent penalty.

Types of Annuities

                        Fixed Annuity: Funds are invested for a guaranteed interest rate for a fixed number of years. Interest may accumulate or be withdrawn as needed, paying taxes only on the amount withdrawn. Typical terms range from one to ten years.

                            Variable Annuity: Funds are invested in a professionally managed portfolio of stocks, bonds, or both, depending on an individual's selection. Returns vary depending on the performance of the portfolio. Earnings may be withdrawn as needed, paying taxes only on the amount withdrawn. Many of the portfolio managers are the same as today's most popular mutual funds. A variable annuity's Guaranteed Death Benefit guarantees the individual's beneficiary at least the amount paid or more, regardless of the portfolio's return. Since the death benefit guarantee is based on the claims-paying ability of the issuing insurance company, it is important to choose a financially secure insurance company.

                            Immediate Annuity: Immediate income guaranteed for a set number of years or for the remainder of an individual's life.

Another benefit of most annuities, is the lack of up-front sales charges. This allows more of the funds to go to work immediately. Instead, annuities have contingent deferred sales charges, commonly known as surrender charges. An individual must keep a contract for a set number of years or pay a penalty to get their funds back. Annuities have varying degrees of expenses, fees, and investment risks.

Variable annuities are offered by prospectus only. Investors should consider an annuity's investment objective, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other important information, is available from your Financial Advisor and should be read carefully before investing. Variable annuities are not insured by the FDIC or any government agency and involve market risk, including the possible loss of principal. Guarantees are based on the claims-paying ability of the issuing insurance company.

Please contact us with any questions about rolling your 401k into an annuity. Additionally, we highly recommend you take a minute to order a rollover and retirement planning package. The package includes everything you need to make an informed decision about rolling your 401k into an annuity.

Order a Rollover Kit Now!