Annuities & retirement income · Phoenix, AZ (Maricopa County)
401(k), IRA & Pension Rollovers in Phoenix, Arizona
12.6% of Phoenix residents are 65 or older, about 205,400 people, well below the U.S. average of 17.7%; that is the 2nd-lowest share of residents 65 and older of the 13 West U.S. communities on this site. Education on moving money from a former employer's 401(k), 403(b) or pension into a fixed or fixed indexed annuity when that suits your goals, with attention to taxes, fees, surrender periods and suitability rules. Olive, a licensed agent with Manna Financial Services, helps Phoenix, AZ households compare 401(k) and pension rollovers into annuities by phone or video, and the first conversation is free.
What matters for 401(k) and pension rollovers into annuities in Phoenix
About 182,600 Phoenix residents are 55 to 64 and about 205,400 are 65 or older. Fixed and fixed indexed annuities are mostly used by people in or near retirement who want principal protection or a guaranteed income stream, in exchange for surrender periods.
Phoenix by the numbers
- 12.6% of Phoenix residents are 65 or older, about 205,400 people, well below the U.S. average of 17.7%; that is the 2nd-lowest share of residents 65 and older of the 13 West U.S. communities on this site.
- 11.4% of Phoenix workers have government jobs, below the U.S. share of 14.1%.
- About 182,600 Phoenix residents are between 55 and 64, the group that will reach Medicare age over the next ten years.
- 57.6% of Phoenix homes are owner-occupied (U.S.: 65.0%), and the median home value is $398,200, well above the U.S. median of $303,400.
Phoenix and nearby communities
| Place | 65 or older | Government workers | Median household income |
|---|---|---|---|
| Phoenix | 12.6% | 11.4% | $77,041 |
| Los Angeles | 14.8% | 10.6% | $80,366 |
| San Diego | 15.1% | 15.2% | $104,321 |
| San Francisco | 17.5% | 12.4% | $141,446 |
| U.S. | 17.7% | 14.1% | $78,538 |
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates.
How we help with 401(k) and pension rollovers into annuities
- Direct trustee-to-trustee transfers when structured properly under current rules
- Avoid the 10% early withdrawal penalty when a rollover is executed correctly
- Compare plan fees with IRA or annuity costs before moving money
- Discuss downside-protection and income-rider features where suitable
Read our full guide to 401(k) and pension rollovers into annuities
Rules that apply in Arizona
- Annuity recommendations in Arizona must follow state insurance department suitability and best-interest rules, which require the annuity to fit your needs and financial situation.
- Annuities are long-term contracts. Most have surrender charges for early withdrawals, and guarantees depend on the issuing insurance company.
- We are licensed for insurance and annuities only and do not give tax, legal or investment advice. We work alongside your CPA or attorney.
Questions from Phoenix
Will I owe taxes when I roll over my 401(k)?
A direct trustee-to-trustee transfer from a traditional 401(k) to a traditional IRA or qualified annuity is generally non-taxable when done correctly. Indirect rollovers and Roth conversions follow different rules — confirm with your tax advisor.
Do I need to visit an office in Phoenix?
No. Olive works with Phoenix and Maricopa County households by phone or video, so you can compare options from home. Most applications and signatures can be completed online.
Talk with Olive about 401(k) and pension rollovers into annuities.
Free, no obligation, by phone or video. Or call or text (937) 388-5346.