PebylFinancial
Fixed Insurance Product

Pension, 403(b) & 457(b) Rollover

Direct rollover of eligible retirement-plan dollars into a fixed-rate IRA contract, avoiding a current taxable event when rules are met.

Two hands shaking across a wooden desk with paperwork

Overview

Eligible retirement-plan dollars (including many 403(b), 457(b), TSP, and pension lump-sum distributions) can be moved by direct rollover into a fixed-rate IRA without creating a current taxable event, when applicable Internal Revenue Code rules are satisfied. A direct (trustee-to-trustee) rollover avoids the 20% mandatory federal withholding that applies to most eligible rollover distributions paid directly to the participant. Pebyl Financial coordinates the paperwork between your existing plan and the receiving carrier; we do not take custody of your funds.

How it works

  1. 1
    We confirm your distribution is eligible for rollover under your current plan's rules and IRS guidance
  2. 2
    We open the receiving IRA contract with a state-licensed insurance carrier you select
  3. 3
    Your existing plan sends the funds directly to the receiving carrier (a direct rollover), so no 20% federal withholding applies
  4. 4
    Within the new IRA, funds are held in a fixed-rate (MYGA) or fixed indexed annuity contract, subject to that contract's terms

Best for

  • Separated or retiring employees with a 403(b), 457(b), TSP, or other eligible employer plan
  • Public-safety personnel completing DROP and selecting a distribution option for the lump sum
  • Pension lump-sum recipients who prefer a fixed declared interest rate inside an IRA
  • Individuals consolidating multiple eligible retirement accounts into one IRA contract

Considerations

  • Compare any pension or DROP benefits you would give up — features such as cost-of-living adjustments, survivor benefits, or subsidized health coverage may be valuable
  • Required Minimum Distributions (currently beginning at age 73) apply to the new IRA
  • The receiving contract has its own surrender-charge schedule, market-value adjustment (if any), and rider costs, disclosed in the contract
  • All guarantees in the receiving contract are subject to the claims-paying ability of the issuing carrier

Fees & charges

  • Pebyl Financial does not charge a separate fee for handling the rollover; the issuing carrier pays a commission
  • Any contract fees, surrender charges, and rider costs in the receiving contract are disclosed in writing before issue
Rollover · How it works
Direct rollover — no current taxable event when eligibility rules are met.
Old 403(b) / 457(b) / TSP / Pension
Where eligible retirement plan dollars live today
Direct trustee-to-trustee transfer
Funds do not pass through your personal bank account
New fixed-rate IRA
Held in a fixed annuity contract subject to its own terms

Want a personalized illustration?

A licensed Pebyl Financial agent runs the carrier numbers based on your age, premium, and state. Educational, not a sales pitch.

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Important disclosure
Product features, rates, caps, spreads, participation rates, and rider costs are set by the issuing carrier, vary by state, and are subject to change. This page is educational and does not constitute an offer to sell or solicitation to purchase. Guarantees, where referenced, are subject to the claims-paying ability of the issuing insurance carrier.