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Jesse Alcala
Content Posted by Jesse Alcala
Pension Rollover to Annuities
- Article
- October 5, 2009
- Annuities, Financial Services, Pensions, Retirement
- 2 comments
Annuity Rollovers Overview
contact Jesse Alcala 800 741-2049 ext 102
In financial parlance, a rollover has two common meanings, one general and the other specific. It can refer to the reinvestment of funds upon the maturity of an asset, such as a CD or a bond. More specifically, it can refer to reinvestment of funds that have been removed from a qualified plan, such as a 401(k). Using either definition, one possible destination for the rolled-over funds is an annuity, a contract in which individuals pay insurance companies in exchange for the promise of lifelong income.
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