How to Maximize an IRA Rollover Bonus

As you plan for retirement, you want to give yourself every possible advantage – both while you're accumulating your savings, and after you begin receiving income, BettencourtFG can help.

We have a modern approach to investing that is derived from our commitment to help protect and potentially grow your income when retiring on your own terms. An Allianz annuity provider in Phoenix having an A+ rating, we have a strategy for investment that is simple, preserve, and protect. We deal with the importance of having a safe income with our clients.

We offer principal protection from market downturns, potential interest based on allocation options chosen, tax deferral, and a death benefit for beneficiaries.

This Annuity goes even further by giving you:

  • two ways to get a bonus: Credits the Protected Income Value with a 22% premium bonus in the first contract year. The Protected Income Value also receives an interest bonus equal to 50% of any interest earned from the chosen allocations.

  • two ways to receive income increase: You can get increases to your income withdrawals based on earned interest and the 50% interest bonus. Plus, you can double your income withdrawal if confined to an eligible hospital, nursing facility, or assisted-living facility.

  • two ways to get a death benefit: Your beneficiaries can receive the full accumulation value in a lump sum, or they can receive the full Protected Income Value as annuity payments over at least five years.

Allianz 222 Annuity may be a good choice if you want to accumulate wealth and want lifetime income opportunities after a 10-year time horizon, including the opportunity for income that can increase.

The premium bonus and interest bonus are credited only to the Protected Income Value. To receive the PIV, including the bonus, the contract must be held for at least 10 contract years, and then lifetime income withdrawals must be taken. You will not receive the bonuses if the contract is fully surrendered or if traditional annuitization payments are taken. If it is partially surrendered the PIV will be reduced proportionally, which could result in a partial loss of bonuses. Income withdrawals are considered partial withdrawals and are subject to ordinary income tax and, if taken prior to 59½, a 10% federal additional tax. Because this is a bonus annuity, it may include higher surrender charges, longer surrender charge periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don't offer a bonus feature.

To receive the Allianz Income Multiplier Benefit, you must be confined to a qualified hospital, nursing facility, or assisted living facility for at least 90 days in a consecutive 120-day period. Confinement must occur after the first contract year and either during the contract year before the start of lifetime income withdrawals or at any time thereafter.

The lump-sum death benefit is equal to the greater of the contract’s accumulation value, cumulative withdrawal amount, or guaranteed minimum value.

Click below to get more information on how to rollover your IRA and receive a 22% Bonus.