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What is a 401k? And a Rollover?
Did you say 1035 Exchange?

Most likely, you will have to roll over a retirement account at least once in your lifetime. A 401k is a type of savings account that helps you make financial gains toward your retirement goals. Maybe when you move from your current employer you will want to take your 401k with you. Or, you may be interested in a 1035 exchange, which allows for a direct transfer of accumulated funds from an insurance policy into another insurance policy. Whether it be a 401k rollover or a 1035 exchange, we know which retirement products will be the most comprehensive for your unique situation.

  • The vast majority of 401k plan participants enrolled in their current plans to save for retirement. 1

  • In 2011, about 60% of American households nearing retirement age have a 401k account. 2

  • Assets in 401k plans have increased on average 15 percent per year since 1990. 3

1 401k Plan Participants: Characteristics, Contributions, and Account Activity. www.ici.org

2 Retiring Boomers Find 401k Plans Fall Short. Wall Street Journal online. February 19, 2011.

3 Frequently Asked Questions About 401k Plans. www.ici.org