Google +LinkedInPinterestYouTubeInstagramTwitterFacebook

Veteran Services: Finance Questions

Finances

You're working, and you've got a family that depends on you - both now and down the road. Where do you invest your money? Do you borrow against the equity in your house? Through a preferred provider relationship with USAA, The American Legion can provide expert financial advice to just about any question.

Questions & Answers

« Back to Finance Questions & Answers

Financial Questions & Answers

Question:

What is the advantage of rolling over my 401(k) into an annuity? – Michael

Answer:

This is a big decision and one that you should make in the context of your overall financial situation and game plan. Fixed annuities can offer a stable, guaranteed option for your retirement portfolio and many seek that peace of mind. Income annuities can turn your retirement savings into a stream of income when you need or want it. Both of these might be appropriate depending on your specific situation. However, considering the complexity of the decision, we would recommend giving one of our advisors a call at (877) 699-2654 and discussing your specific situation.