The 401(k) plan is an employer-sponsored retirement plan, named after a section of the IRS tax code, that allows an employee to save for retirement while deferring income taxes on the saved money and earnings until withdrawal.
With a 401(k), employees select from a number of investment options, usually an assortment of mutual funds that emphasize stocks, bonds, and money market investments. Many companies' 401(k) plans also offer the option to purchase the company's stock.
A 401(k) rollover takes place when you transfer funds from one 401(k) into another 401(k) or Individual Retirement Account (IRA). The opportunity to complete a 401(k) rollover occurs when you separate from service from your current employer, due to the start of a new job or your retirement. Many individuals choose to rollover their 401(k) funds into an IRA qualified annuity which can provide guaranteed interest earnings and income.
FixedAnnuityDirect.com can assist you in completing your 401(k) rollover and offers the easiest way to rollover your 401(k) into a safe and secure guaranteed annuity.