Should I Put My 401(k) into an Annuity?

Oct 4, 2022

Blueprint Income Team

Putting a portion of your 401(k) savings into an annuity makes sense if you’re looking to diversify your retirement savings and add a guaranteed piece to your portfolio. Your 401(k) is a basket of savings tied to market performance that does not protect you from the risk of living longer than expected (and needing an income for longer). Investing in an annuity, on the other hand, generates a guaranteed amount of guaranteed monthly income that ensures your money lasts as long as you do. In this way, using a portion of your 401(k) to purchase an income annuity is like turning a portion of your retirement savings into a pension.

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If you’re interested in reading more, here are two articles on annuities.

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Blueprint Income Team

We are a team of finance, insurance, and actuarial professionals working to make it easier for everyone to achieve a steady and comfortable retirement. We write about annuities (the good and the bad) and provide strategies to help Americans prepare for retirement.