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Can Be A Good Fit For Someone Who Has at least $50,000 to contribute, is at least six years from retirement (due to EWC), is looking for potential growth, and would benefit from a 3% Account Bonus on net contributions made within the first six months of opening an account. This may be a good fit for someone changing jobs or becoming self-employed who has one or more 401(k) plans at former employers. Through consolidation into the LiveWell Plus Mutual Fund IRA, your client may be able to save time and money through reduced fees and only one statement.

Before considering an IRA rollover, you and your client should carefully consider other options available, including: leaving money in the current retirement plan, rolling assets into the new employer plan, or installments or annuity payments (if applicable). Each situation is unique. In some cases, it may be beneficial for a client to leave assets in their current plan.
3% Account Bonus1 For contributions made within six months of opening the IRA – including rollover contributions – Sammons Retirement Solutions® Inc. will add an additional 3% of net contributions (adjusted for any withdrawals during the six-month period) to the LiveWell Plus Mutual Fund IRA.
Early Withdrawal Charge (EWC) An Early Withdrawal Charge (EWC) will be applied to withdrawals in excess of 10% of the Account Anniversary Value (or Required Minimum Distribution amount if greater) within six years of the Account Anniversary. The date the first contribution is received is known as the Account Anniversary.

The EWC also applies to withdrawals by a beneficiary after your client's death.

The EWC is eliminated six years after the Account Anniversary.

The EWC schedule that applies during the first six years of the IRA is as follows:
Account Year 1 2 3 4 5 6 7+
Early Withdrawal Charge 6% 5% 4% 3% 2% 1% 0%
EWC-Free Withdrawals During the first six years of the IRA, your client may take an annual EWC-free withdrawal of up to 10% of the Account Anniversary Value (or the Required Minimum Distribution amount if greater) without being subject to an EWC.

The amount of this withdrawal is not cumulative and will apply to withdrawals upon death of the IRA owner.

NOTE FOR FIRST-YEAR ACCOUNT HOLDERS: In the first Account Year, the EWC-free amount is calculated on all contributions received and includes the Account Bonus. In subsequent Account Years, the amount available without an EWC is calculated on Account Anniversary Value.
Fund Options More than 150 mutual fund options from some of the country's premier fund managers
Freedom For Clients To Change Their Minds No fees to set up an account, no fees to withdraw assets after six years, no charge for rebalancing or reallocating2
Type Of Assets Accepted 401(k) rollovers, 403(b) rollovers, government 457 rollovers, and IRA rollovers, including Traditional IRA rollovers, SEP-IRA rollovers, Roth IRA rollovers, and Inherited IRA rollovers
Minimum Purchase Age 18
Contribution
Levels
$50,000 initial rollover or transfer

To make contributions of more than $2 million, contact Sammons Retirement Solutions at 866-747-3421.
Fees A Recordkeeping Fee and mutual fund fees will be charged to your client's IRA.

The Recordkeeping Fee is as follows:
Total Assets Annual Recordkeeping Fee
  Years 1-6 Years 7+
$100,000+ 0.85% 0.40%
Less than $100,000 0.95% 0.50%
Other Features Available
At No Additional Charge
Dollar-Cost Averaging3—Investing a set amount of money at regular intervals over a long period of time

Automatic Rebalancing—Putting your client's investments back in the proportions they originally set

(Client may choose either Dollar-Cost Averaging or Automatic Rebalancing.)

 

Fund options and associated standard mutual fund fees are as of 5/31/2017. Standard mutual fund fees, ranging from 0.54%-2.67% net, also apply.

1 When your client makes a contribution, including a rollover contribution within six months of opening a LiveWell® Plus Mutual Fund IRA, Sammons Retirement Solutions® Inc. will add an additional 3% based on the net contribution(s) (adjusted for any prior withdrawals) to the IRA ("Account Bonus"). The amount of the Account Bonus is calculated as a percentage of the net contribution(s). The Account Bonus becomes part of the IRA at the same time as the corresponding net contribution(s).

For six years after the LiveWell® Plus Mutual Fund IRA is opened, an Early Withdrawal Charge ("EWC") will apply to withdrawals in excess of the annual EWC-free amount, or RMD if greater. This includes withdrawals made by your clients' beneficiary following their death. See the LiveWell® Plus Mutual Fund IRA Certificate of Disclosure for details.

2 Excessive Trading Policy: more than one "round trip" involving the same investment option within a 60-calendar-day period is considered excessive trading. Please review the Disclosure Statement & Custodial Account Agreement of the LiveWell® Plus Mutual Fund IRA booklet.

3 Dollar-Cost Averaging does not assure a profit or protect against loss in a declining market. Such a plan involves continuous investment in securities, regardless of fluctuating price levels of such securities. Investors should consider their financial ability to continue purchases through periods of low price levels.

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Investing in mutual funds involves risk, including potential loss of investment. You and your client should consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus and/or summary prospectus contain this and other information. You or your client can call 866-747-3421 to obtain a current fund prospectus. Please read it carefully.

Securities distributed by Sammons Financial Network® LLC, member FINRA. Sammons Retirement Solutions® Inc. provides administrative services. Sammons Financial Network® LLC and Sammons Retirement Solutions are affiliated companies and indirect wholly owned subsidiaries of Sammons Enterprises, Inc. of Dallas, Texas.

Please click here to view important product-specific disclosures for the LiveWell® Plus Mutual Fund IRA.

NOT FDIC/NCUA INSURED, MAY LOSE VALUE INCLUDING LOSS OF PRINCIPAL, NO BANK/CU GUARANTEE, NOT A DEPOSIT, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY.

FOR INSTITUTIONAL USE ONLY. NOT INTENDED FOR CONSUMER SOLICITATION PURPOSES.