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Why roll over a 401(k) into an annuity

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Many American workers have assets in one or more employer-sponsored retirement plans (i.e., 401(k), 403(b), profit-sharing plans) to help save for the future. But what happens if you change jobs? Oftentimes, these accounts don’t come with you, so they are set aside to deal with later – in fact, an estimated have left behind or forgotten retirement accounts.

While the funds in the account still have the potential to grow, they’re usually considered inactive if you’re no longer employed by the company. And if you experience several job changes throughout your career, you could find yourself trying to keep track of several accounts. This could make it difficult to know if you’re on track with your retirement sav