Direct answer
It depends on whether you need guaranteed lifetime income to supplement your 401k withdrawals or if you are seeking a tax-deferred vehicle for funds exceeding your annual contribution limits.
Financial planning guidelines regarding asset allocation and tax-advantaged retirement accounts. For additional information about tax-advantaged retirement accounts and distribution rules, see the Internal Revenue Service‘s official retirement plan guidance.
What this means for you
It depends on whether you need guaranteed lifetime income to supplement your 401k withdrawals or if you are seeking a tax-deferred vehicle for funds exceeding your annual contribution limits.
FARMER STOCKMAN
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This page is informational and not a coverage guarantee or quote.
