"Save Today And Retire Tomorrow"
Financial Group, Inc.
What is a rollover?
A rollover is when you move money from an employer-sponsored plan, such as a 401(k) or 403(b) account, or traditional or ROTH IRA into an MATMAC Financial Group offered IRA Program.
Ways to roll over your account
I want to keep my earnings
tax deferred
Traditional IRA
You can lower your tax bill by deducting your contributions. You won't be taxed until you withdraw money in retirement.*
I want earnings to be
tax-free
Roth IRA
You can access your contributions tax- and penalty-free before retirement.** Taking money out in retirement is tax-free.
I want to convert from
tax-deferred to tax-free
Roth IRA
You can roll over your traditional 401(k) or 403(b) into a Roth IRA, but this will be considered a Roth conversion which is a taxable event.***
I want to separate my 401(k) or 403(b) from my other assets
Rollover IRA
An IRA can give you more control of your former employer-sponsored plan's assets. Your money won't be taxed until you withdraw it in retirement.*
How do fixed index annuities work?
Fixed index annuities provide the guarantees of fixed annuities, combined with the opportunity to earn interest based on changes in an external market index. But because you're not actually participating in the market, the money in your annuity (your "principal") is not at risk.
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1. Purchase your annuity
You give the insurance company money in one or more payments. The insurance company then invests it on behalf of all annuity owners to support the benefits of the contract.
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2. Accumulation phase
During the accumulation phase, your annuity will earn a fixed rate of interest that is guaranteed by the insurance company or an interest rate based on the growth of an external index.
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3. Tax-deferred growth
You defer paying taxes on your contract's interest until you receive money from the contract. Tax-deferred interest means the money in your contract can grow faster.
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4. Distribution phase
After a period of time specified by your contract, you may then receive the amount allowed by your contract in a lump sum, over a set period of time, or as income for the rest of your life.