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Financial Rollover Flow Chart
This flow chart shows how easy it is to rollover money between different financial instruments and understand the tax implications.
Bank (Savings/Checking/CDs)
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NQ Fixed Index Annuity
Tax: CD interest taxable
Tax: CD interest taxable
IRA
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IRA Fixed Index Annuity
Tax: No taxes due
Tax: No taxes due
401k
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IRA Fixed Index Annuity
Tax: No taxes due
Tax: No taxes due
Investments
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NQ Fixed Index Annuity
Tax: Capital gains taxable
Tax: Capital gains taxable
Advantages of Rolling Over to Annuities and IULs
Benefits of Moving Retirement and Qualified Accounts to Annuities
- Guarantee of principal
- Link to stock market index without direct investment
- Reduce Fees
- Inflation Mitigation due to growth potential
- Income options to mitigate longevity risk
Benefits of Moving Money from Banks to Annuities and IULs
- Higher growth potential compared to savings accounts
- Tax-deferred growth
- Potential for higher interest rates
- Protection from market volatility
- Income options and death benefits
- Flexibility and access to funds
Disclaimer: This information is intended for educational purposes only and does not constitute financial, tax, or legal advice. Please consult with a professional for specific advice regarding your situation.