Make a 401k Annuity Transfer to a High Interest Annuity

From Online PR News, Rafael Onak’s article “Find Solidity in a High Interest Annuity” urges investors to take advantage of the opportunity before it passes by. High interest annuities offer a guaranteed rate of return while the rest of the equity market is still pretty volatile. They are available as variable annuities, fixed annuities, or equity-indexed annuities. Variable and fixed are the most common types of high interest annuities. You can get a 10 to 14 percent rate of return with variable annuities but the product is the riskier investment. Fixed annuity rates are guaranteed, but the investor loses the ability to directly manage their account.

High interest annuities grow at a faster rate than other investment products. They also offer guaranteed income over your lifetime and withdrawal benefits. Making a 401k annuity transfer to purchase a high interest annuity can give you tremendous tax savings as well. Annuities grow tax-free until an investor begins receiving payments, unlike CD’s that are taxed yearly. As with all retirement products, investors should shop around for the best annuities to add to their portfolio and speak with an expert.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.