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Grow Your Retirement Savings
with IRAdvantage Wealth Builder®

While the prospect of taking a lump-sum distribution from your retirement plan may be tempting, it may also be problematic. Taxes are due immediately on the full distribution amount, based upon your current tax bracket.

By rolling over your retirement plan assets to a group IRA, however, your money is transferred directly from your employer s plan without immediate tax consequences.1

The IRA Advantage

Consolidated Retirement Savings

Simplify management of your nest egg by consolidating assets from multiple retirement plans or other traditional IRAs into a single account.

Safety of Principal

You can enjoy guaranteed fixed annual or daily compound interest rates for each deposit made, as you insulate your principal from losses resulting from market fluctuations.

Flexible Investment Terms

We offer flexible investment terms of three to seven years to meet your individual needs and circumstances. At maturity, you can elect to reinvest your funds, purchase an annuity, have your funds paid out or do nothing and we'll automatically reinvest the funds for you at the then-current rate(s).

Access to Funds

Each year, withdrawals of up to 10% of the original deposit amount, with a minimum of $500, may be made without a surrender penalty. (Withdrawals prior to age 59½ may be subject to 10% federal tax penalty.) Alternatively, you may withdraw the entire balance to purchase an annuity from United of Omaha at any time during the contract term without a penalty.

Minimum Deposit Requirements

  • Minimum Rollover or Transfer Deposit: $10,000
  • Minimum Annual Deposit: Limited to transfers from other qualified plans, $5,000 or 100% of your annual compensation, whichever is less, based on current IRS guidelines

For assistance in rolling over your distribution to an IRA from United of Omaha, call 1-800-843-2455 ext. 5810 or forward an e-mail request to us.

1 Income tax is deferred until the time of distribution.

 

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For informational purposes only. Should not be construed as legal or investment advice, a promise of benefit or guarantee of investment performance.

Investment options are offered through a group variable annuity contract (Forms 901-GAQC-07 and 901-GAQC-07(OR)) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha is not licensed in New York. In New York, Companion Life Insurance Company, Lynbrook, NY underwrites the group variable annuity (Form 900-GAQC-07(NY)). Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as provided in the annuity for the Guaranteed Account. Neither United of Omaha, Companion Life Insurance, nor their representatives or affiliates offers investment advice in connection with the contract.

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