Have you completed your IRA Rollover Checklist?

If not Pacific Life can help!

In many instances, rolling over your clients retirement plan assets to an IRA can help them better achieve their retirement goals. Before making this decision, it’s important to review key aspects of your client’s financial situation and carefully evaluate the pros and cons that a rollover might offer. This video provided by Pacific Life can help explain which items you should be sure to cross off your checklist before preforming an IRA Rollover.

Access your copy of the IRA Rollover Checklist or Inherited IRA Rollover Checklist from Pacific Life today or contact your CreativeOne team today at 800.992.2642 to learn more!

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state,
or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s)
addressed by this material. Pacific Life, its affiliates, their distributors, and respective representatives do not provide tax,
accounting, or legal advice. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an
independent tax advisor or attorney.
Withdrawals and other distributions of taxable amounts, including death benefit payouts, will be subject to ordinary income
tax. For nonqualified contracts, an additional 3.8% federal tax may apply on net investment income. If withdrawals and
other distributions are taken prior to age 59½, an additional 10% federal tax may apply. A withdrawal charge also may
apply. Withdrawals will reduce the contract value and the value of the death benefits, and also may reduce the value of any
optional benefits.
Under current law, a nonqualified annuity that is owned by an individual is generally entitled to tax deferral. IRAs and qualified
plans—such as 401(k)s and 403(b)s—are already tax-deferred. Therefore, a deferred annuity should be used only to fund an
IRA or qualified plan to benefit from the annuity’s features other than tax deferral. These include lifetime income, death
benefit options, and the ability to transfer among investment options without sales or withdrawal charges.
Pacific Life refers to Pacific Life Insurance Company and its affiliates, including Pacific Life & Annuity Company. Insurance
products are issued by Pacific Life Insurance Company in all states except New York and in New York by Pacific Life &
Annuity Company. Product availability and features may vary by state. Each insurance company is solely responsible for the
financial obligations accruing under the products it issues. Insurance product and rider guarantees, including optional
benefits and any fixed subaccount crediting rates or annuity payout rates, are backed by the financial strength and claimspaying ability of the issuing insurance company and do not protect the value of the variable investment options. They are
not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is
purchased, or any affiliates of those entities, and none makes any representations or guarantees regarding the claims-paying
ability of the issuing insurance company.
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