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Tag Archive: 401k transfer to an annuity

Can I Take Money Out Of My 401(K) And Put It Into An Annuity When I Am Still Working?

Laura Johnson

As you near retirement, your nest egg is even more sensitive to market volatility and potential loss of your hard earned savings. In fact, the US Federal Reserve released figures showing that the median US household net worth dropped 39% between 2007 and 2010, reducing 18 years of prior gains. If you were already retired and taking income from your nest egg, the devastation was even worse if you were exposed to the ever-changing stock-market. Many 401(k)s and other retirement plans offer fund options that...

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