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401k Annuity Combines Traits of 401ks and Annuities


Chicago ( – If you want to ensure that your hard earned money lasts into your golden years then you might want to consider investing in a 401k annuity. According to an article recently published on, a 401k annuity gives you the peace of mind that goes with financial stability in your future while not breaking your bank in the present.

A 401k annuity allows employees to invest a portion of their 401k payments into an annuity with a life insurance company. This guarantees post-retirement income stemming from modest contributions into the annuity throughout your working life. According to the article titled, ‘Planning For Retirement With A 401k Annuity,’ provides benefits to a distinct group of “Employees who don’t have a traditional pension plan in place, or who don’t want to hand over a huge sum of money to an insurance company for an annuity,” the article states.

Another advantage to the 401k annuity is the option to choose the amount you want your payments to be. They can be as manageable as you see fit. This is good for individuals who don’t have that much money to put into their 401k and those who don’t trust their insurance company with such a substantial portion of their net worth.

However, it isn’t all sunshine and lollipops with the 401k annuity. You cannot roll over your investment if you switch jobs unless your employer carries the same plan. You should talk with your employer’s 401k administrator as well as independent financial professional to see if the 401k annuity is right for you.

If you are interested in learning more about the 401k annuity but aren’t sure where to turn next, has your answer. “If you are interested in this option, contact your employer’s 401k administrator,” to see if they offer a 401k annuity, recommends the article. “If this option isn’t offered, go directly to your employer. At the very least, make the suggestion to them and maybe they will be willing to adjust the current plan to be more accommodating to a 401k annuity.”

Staff contribution: Kyle Fitzsimmons


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