Principal Income ManagerSM
No matter how carefully you plan to receive your qualified annuity income payments from Principal Life, your situation can change and leave you with taxable income you didn't anticipate. Maybe you decided to return to work. Maybe you came across some extra money.
No matter the reason, your annuity payment may be more than what you need to live on. Unfortunately, instead of just being extra money in your pocket...it's extra money that you pay taxes on.
Principal Income Manager can help.
By deferring your qualified annuity payments into a qualified Money
Market IRA (PDF: 267KB) at Principal Bank, Principal Income Manager helps you:
- Reduce tax-liability by keeping money tax-deferred until a withdrawal is made
- Retain control of your money, managing income as needed
- Earn interest on your money (compounded and paid monthly on accounts with assets over $2,500)1
Best yet, there's no additional cost for this highly unique feature!

Contact your financial representative today for more information! If you don't have a financial representative, find one today! Or, if you prefer to open your account directly over the phone*, call 1-800-243-4380, ext. 1055.
Return to Top | Return to Income Management
