• Skip to primary navigation
  • Skip to main content
  • 1-800-960-1371
  • Agent Login
  • Quoting Tools
    • Life
    • Senior
  • Free Marketing Guide
  • Blog

AgentLink

With AgentLink, you have easy access to the carriers you want and the tools and resources you need to offer the best to your clients.

  • Products
        • Life
          • Info
          • Products
          • AML Training
          • Quoting Tool
        • Senior
          • Info
          • Products
          • Certifications
          • Compliance
          • Quoting Tool
        • Group Benefits
          • Info
          • Products
          • Our Process
          • Quote Request Form
        • Individual Benefits
          • Info
          • Products
          • Our Process
          • Enrollment Tool
        • See our Concierge Services
  • Tools
  • Resources
    • Marketing Guide
    • Carrier Links
    • Group Compliance Resources
    • Sales Webinars
    • Training Webinars
    • Insurance Marketing Webinars
  • About
  • Contact Us
  •  1-800-960-1371
  • Life Quoting Tool
  • Senior Quoting Tool
  • Marketing Guide
  • Blog
Previous
Next

Cash incentives for your IRA?

How badly do providers want IRA rollover business? So badly that at least one is willing to pay for it.

Ally Bank, the banking subsidiary of Ally Financial, announced it will pay $100 to $500 to consumers who rollover outside funds to one of their IRA products.

From the first of the New Year through the end of May 2015, deposits of $25,000 to $49,999 will be paid $100, a deposit up to $200,000 will be paid $250, and deposits of more than that will be paid $500.

This isn’t the first time Ally has dangled cash incentives to lure retirement assets.

“The strong success of our IRA bonus offered to consumers earlier this year demonstrated that many people value the risk-free stability of using CDs and savings accounts for their retirement nest egg,” said Diane Morais, Ally Bank Deposits and Line of Business Integration Executive.

Competition for rollover business is expected to ratchet up as more boomers leave enter retirement.

But so far, more assets are remaining in plan than some expected.

Cerulli Associates found that in 2013, $720 billion worth of 401(k) assets eligible for distribution remained in the sponsors’ plans. About $324 billion rolled over in 2013.

The safe bet is that number will increase.

As the first full wave of defined contribution plan beneficiaries prepares to retire, Cerulli estimates those between ages 55 and 69 hold $15.7 trillion of investable assets–$7 trillion of which is in defined contribution plans or IRAs.

About 70 percent of rollover assets in 2013 went to providers and advisors with existing client relationships, suggesting how challenging it will be to capture new business from baby boomers as they retire.

Filed Under: Baby Boomers, News and Updates, Retirement

Previous Post: « Anthem News: Enrollment deadline for Individual off-exchange plans extended to December 31
Next Post: 8 year-end FSA questions »

You might also enjoy...

Our companies health is importantWe Prioritize our Health and We Won an Award to Prove it!

Each year the Worksite Wellness Council of Louisville puts on a symposium, a partner of the Mayor’s healthy hometown movement. The 9th annual conference and awards presentation was held on May 18th at the Gheens Foundation Lodge. We got to be a part! At this event, […]

Read More
setting business goals4 Goals Every Insurance Agent or Agency Should Be Setting

You don’t have to be a business expert to know the importance of setting goals. Goal setting is common practice in our world – from setting weight-loss goals to setting revenue goals, businesses and individuals alike set goals all the time. Yet, study has shown that […]

Read More

Don’t forget to browse the free tools and resources we offer our agents and prospects, including our popular online quoting tools

Download the Digital Marketing Guide

Go to Resources

Get Contracted Now

Contract with us, to get appointed with your desired carriers

Please enter your email address below  to stay up-to-date with changes in the industry.

  • This field is for validation purposes and should be left unchanged.

Copyright © 2022 · Showcase Pro on Genesis Framework · WordPress · Log in

  • About
  • Contact
  • Careers
  • Life
  • Senior
  • Group Benefits
  • Concierge Services

Agent Login

Resources

Tools

Free Marketing Guide

1-800-960-1371

AgentLink Kentucky Office
2001 Lake Point Way, PO Box 23570
Louisville, KY 40223
Toll Free: 800.960.1371
Direct: 502.245.1371
Fax: 502.245.0978

AgentLink Indiana Office
3077 East 98th Street, Suite 135
Indianapolis, IN 46280
Toll Free: 866.462.9067
Direct: 317.569.8490
Fax: 317.569.8705

Copyright © 2021 AgentLink. All Rights Reserved.
Website Design and Digital Marketing by The Marketing Squad

  • Senior Products
  • Quoting Tool
  • Get Contracted
  • Brittney: 502-245-1371
  • Life Products
  • Quoting Tool
  • Get Contracted
  • Scott: (502) 245-1371
We use cookies to make our website a better place. Cookies help to provide a more personalized experience for you and web analytics for us. To learn more, and to see a full list of cookies we use, check out our Privacy Policy.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT
  • Products
    ▼
    • Life
      ▼
      • Info
      • Products
      • AML Training
      • Quoting Tool
    • Senior
      ▼
      • Info
      • Products
      • Certifications
      • Compliance
      • Quoting Tool
    • Group Benefits
      ▼
      • Info
      • Products
      • Our Process
      • Quote Request Form
    • Individual Benefits
      ▼
      • Info
      • Products
      • Our Process
      • Enrollment Tool
    • See our Concierge Services
  • Tools
  • Resources
    ▼
    • Marketing Guide
    • Carrier Links
    • Group Compliance Resources
    • Sales Webinars
    • Training Webinars
    • Insurance Marketing Webinars
  • About
  • Contact Us
  •  1-800-960-1371
  • Life Quoting Tool
  • Senior Quoting Tool
  • Marketing Guide
  • Blog