<#-- Rebranding: Header Logo--> <#-- Rebranding: Footer Logo-->

Should I transfer 401(k) funds into an annuity?

At age 60, is it wise to transfer $70,000 worth of 401(k) funds into an annuity? I would do this in order to retire at 62 and use the funds for medical insurance premiums. I also have a $250,000 annuity, long term care policy.

401(k), Annuities, Peri-Retirement
Sort By:
Most Helpful
September 2017

No! Stay away from annuities at all costs. The only person that makes money from an annuity is the person selling it to you.

September 2017
September 2017
August 2017
May 2017