Converting a 401(k) Into an Annuity: Explained
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YouTubeWestern & Southern
Converting a 401(k) Into an Annuity: Explained
After a 401(k) participant separates from service (like when you retire), one option for what to do with your 401(k) is to convert it into an annuity. This option is typically called an immediate annuity, which converts a lump sum 401(k) balance into an income stream of monthly payments right away. There could be consequences related to such ...
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