UNFCU Adds Rollover IRA Option to its Retirement Platform

June 8, 2006 (PLANSPONSOR.com) - UNFCU Financial Advisors has added a feature to its retirement offerings that will allow some of its clients to rollover part of their retirement savings into an annuity within an Individual Retirement Account.

The credit union organization is offering the platform — Income Solutions (See  Hueler Adds Inflation Adjusted Option to Annuity Lineup  ) – to credit union and other non-profit organizations and businesses, and is based on the Consumer Price Index (CPI).

Features of the platform include:  

  • annuity quotes from eight insurance companies at institutional pricing levels.
  • an inflation adjusted annuity option which may enable retirees to protect their purchasing power, despite periods of high inflation.
  • a way for individuals to receive automatic increases to their fixed income annuities based on the changes in the cost of living index.      

According to a release, the platform was launched two years ago and is aimed at employees and retirees who have reached a point where they want to convert a portion of their savings or retirement assets into an income stream.