Principal Rolls Out Rollover Package

June 9, 2003 ( - The Principal Financial Group has unveiled a new streamlined approach to helping job changers and retirees consolidate their retirement plans - and they have consulted none other than job changers and retirees in designing the program.

The Principal Rollover Choice IRA provides a “one-stop-shopping” method to decide which type of IRA and funding vehicle best meets individual needs.   According to the firm, the program offers:

  • the ability to choose between a variety of funding vehicles; mutual funds, brokerage products, annuities and FDIC-insured Certificates of Deposit
  • a direct rollover of retirement plan distributions into the Principal Rollover Choice IRA so participants aren’t stuck with costly tax withholding and penalties
  • the ability to avoid the hassle of multiple investments and account statements.

The Principal also provides flexibility and convenience in how rollover investors access the Principal Rollover Choice IRA, including:

  • face-to-face with a registered representative
  • over the phone with a trained financial counselor via The Principal Rollover Hotline (1-800-247-8000 ext. IRA)
  • online at .