A fixed indexed annuity (FIA) is a popular choice for 401(k) rollovers. FIAs provide principal protection and market-linked growth without risk of loss. The rollover is tax-free when done as a direct rollover. An independent agent can compare FIA options for 401(k) rollovers.
Key Points
- Fixed indexed annuity (FIA): popular choice for 401(k) rollovers
- Principal protection: no risk of loss in down markets
- Market-linked growth: participates in stock market gains
- Direct rollover: tax-free transfer from 401(k) to annuity
- An independent agent can compare FIA options for 401(k) rollovers