There are generally two types of rollovers/transfers that can be deposited to a safe Fixed Indexed Annuity

• Retirement account (qualified) – IRA, Roth, 401k, 403b, SEP, Pension, and more.
• Long Term Savings (non-qualifed) – Bank CD, savings, Inheritance, Lottery winnings, and more.

Retirement Rollover

If you changed jobs and left your 401k behind, you are disadvantaged in several ways. Technically, your former boss can controls the investment company choices. Also, you are not able to contribute to your plan. The best way to regain control of your retirement and continue to contribute to it is to establish a personal retirement account and rollover your 401k to an IRA.

Have no fear. So long there are no surrender charges pending in your 401k, there is no penalty, IRS fees or taxes to move from one type of qualified retirement account (401k) to another (IRA). The reason being is that because it remains a retirement account. If you cash out/distribute it all (before you are 59½) or a portion of your account, the IRS will assess a 10% penalty on the amount distributed, PLUS taxes will also be assessed. Links: IRA Rollover Rules, Common Rollover Mistakes

Long Term Savings

If you have money in a Savings, CD or expecting an inheritance, lawsuit or other reason, and don't plan on needing it soon, but want better returns or guaranteed safety, you may want to consider rolling into a non-qualified Fixed or Fixed Indexed annuity. Many FIA's offer 2-10x greater returns than a bank, including tax deferral benefits, index growth option, a bonus match option of 5-10%, and more.

Triple your Long Term Care benefit with a Long Term Care annuity. Let's say you are 70 years of age and have $50,000 in a CD and are concerned about needed it for long term care in the future. You $50,000 principal will grow like a regular annuity, however, on day one your LTCi value would automatically triple ($150,000) in value to pay for Long Term Care use. If you don't need LTC or need to money, you can access your account with no penalties.

Annuity with Life insurance built in. If you prefer, you can consider a non-medical exam annuity that may immediately increase your account by 50-200% if you pass away. Let's say you are committed to bequeathing $50,000 to your grandchildren, but they will only get it when you pass away. If you qualify with a medical questionnaire, and based on your age, the value may increase to $100,000 the next day as a tax free benefit for your heirs. This is an excellent Wealth Transfer tool available using a Fixed Indexed Annuity.