Convert Your 401(k) or IRA into LifetimeShield™: Secure Your Retirement Income
- jmealpha1
- Nov 1, 2024
- 3 min read
Are you approaching retirement and considering how to turn your 401(k) or IRA savings into a steady, reliable income? One powerful solution is converting those savings into LifetimeShield™, our annuity plan that transforms your retirement funds into consistent, lifelong income, protecting you from market volatility and securing your future.
Why Consider LifetimeShield™ for Your 401(k) or IRA?
Your 401(k) or IRA may have grown over time, but as retirement nears, the focus shifts from accumulation to guaranteed income. LifetimeShield™ offers just that—providing a stable income stream that keeps you financially confident for life. With LifetimeShield™, your income is no longer tied to the stock market, giving you peace of mind even during economic downturns.
How the Conversion Process Works
Converting your retirement account to an annuity is straightforward:
Choose Your Annuity Type – With options like fixed, variable, and fixed-indexed annuities, you can find the one that best fits your needs.
Select a Trusted Provider – King Legacy Group’s LifetimeShield™ provides top-rated protection and financial stability for your retirement funds.
Initiate the Rollover – Our team assists with the rollover process, ensuring tax-free transfers from your 401(k) or IRA.
Set Up Your Payments – After funding your LifetimeShield™, payments can begin immediately or be deferred, depending on your retirement timeline.
Benefits of Converting to LifetimeShield™
Guaranteed Income: LifetimeShield™ ensures income for life, freeing you from worrying about outliving your retirement funds.
Protection from Market Risks: With an annuity, your retirement income is shielded from stock market fluctuations.
Tax Advantages: LifetimeShield™ grows tax-deferred, with taxes only due on withdrawals, often at a lower rate in retirement.
Flexible Payout Options: Choose the payout structure that best meets your needs, with options for monthly, quarterly, or annual payments.
LifetimeShield™ Options
Explore different annuity types to suit your financial goals:
Fixed Annuities: Provide steady, predictable income.
Variable Annuities: Allow for some market growth while ensuring income stability.
Fixed Indexed Annuities: Offer growth potential tied to the market, with a safety net against losses.
How King Legacy Group Helps with Your 401(k) or IRA Conversion
Personalized Planning: Our experts will work closely with you to understand your retirement goals and the level of risk you’re comfortable with.
Selecting the Best Option: LifetimeShield™ offers a range of annuity choices, and we’ll guide you through selecting the one that best aligns with your needs.
Seamless Rollover: We handle all paperwork for a smooth, tax-free transfer of your retirement funds.
Income Customization: Set up a payment schedule that supports your ideal retirement lifestyle.
Common Questions
Will I Pay Taxes on the Transfer?
Typically, 401(k) and IRA rollovers to an annuity are tax-free. Taxes apply only to withdrawals, much like traditional 401(k) or IRA distributions.
Can I Withdraw Funds Early?
While most annuities allow partial withdrawals, early withdrawals may come with fees. Many annuities offer penalty-free annual withdrawal options.
What About My Beneficiaries?
LifetimeShield™ offers death benefits, ensuring any remaining funds are passed to your loved ones.
Is LifetimeShield™ Right for You?
For those seeking steady retirement income, protection from market volatility, and long-term financial security, LifetimeShield™ is an ideal solution. Let us help you assess how converting your 401(k) or IRA into an annuity fits your retirement strategy.
Ready to Take the Next Step?
Contact King Legacy Group to explore how LifetimeShield™ can turn your 401(k) or IRA into lifelong income. Schedule your free consultation today and secure your financial future with a plan tailored just for you.
Learn More:
• How LifetimeShield™ Protects Against Market Risks
• Tax Benefits of Converting a 401(k) to an Annuity
• Fixed vs. Variable vs. Indexed Annuities: Choosing the Best Option
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