TRANSAMERICA RETIREMENT: Definition, Top Plans, Insurance, and Solutions

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When customers have questions about retirement, employee benefits, life insurance, annuities, or investing, TransAmerica has answers, solutions, and products backed by research. At the heart of what they do is creating chances to help people live their best lives, and as people’s needs and the financial landscape change, they want to help pave the way forward for everyone. Since 1906, when a young entrepreneur called Amadeo P. Giannini created a bank in San Francisco to make financial services available to all, Transamerica has stood for innovation. Transamerica now urges its clients to consider their long-term health when pursuing financial success. Because, as with planning and saving, it’s possible that small measures taken today can make a significant difference in the future.

TransAmerica Retirement 

For more than 85 years, Transamerica has helped consumers feel better about their financial future. They are pleased with the confidence we have earned by offering high-quality solutions to plan sponsors and straightforward tools, assistance, and counsel to plan members. Through defined benefit, defined contribution, cash balance, and multiple employer plans, to mention a few, the years of experience has allowed them to customize solutions for businesses of all sizes.

Your goal is to enjoy your retirement years, and Transamerica is here to assist you. Saving for your future through an employer-sponsored retirement plan is a simple and effective first step. Transamerica built a website with information and resources to assist you in pursuing a healthier, more secure retirement. You may manage your account from anywhere, at any time, and on any device, from checking your balance to selecting investments to appointing beneficiaries. If you haven’t already done so, sign up for the plan and create a secure online account. Once you’ve registered and logged in, you’ll be ready to make use of the website’s education and support.

Starting early and steadily increasing your payments are two simple actions that can help you accomplish your long-term goals. See these ideas in action and discover the power of starting now. Most financial gurus advise saving 10-15% of one’s paycheck. If that isn’t doable right now, consider gradually raising your deferral amount by 1% per year.

TransAmerica Retirement Solutions 

Transamerica ® Retirement Solutions, a retirement plan industry leader, is expertly focused on offering retirement plans of all types to employers of all sizes. They serve: Using expertise gained over more than 75 years in business, they serve more than four million retirement plan participants*, including 401(k) and 403(b) (Traditional and Roth), 457, profit sharing, money purchase, cash balance, Taft-Hartley, multiple employer plans, nonqualified deferred compensation, rollovers, and Roth IRAs.

Transamerica® Retirement Solutions is part of the Transamerica® group of companies, one of the country’s most well-known financial services firms. Transamerica has been named “Best in Class” by reputable organizations such as PLANSPONSOR®.

Transamerica Retirement Solutions is a newly rebranded full-service retirement organization founded by the merging of numerous “AEGON” enterprises, including Transamerica Retirement Services, The Employer Solutions and Pensions Group of Transamerica, Clark Consulting, and Diversified Investment Advisors. “Once a traditional mid-market financial investment/record-keeping firm that specialized in corporate retirement plans, with an average participant size of about 1,000 to 5,000 employees, they are now active in nearly every market nationally, with the exception of mega plans.”  They now have over 3,000 staff in this new structure. You can withdraw all of your money from your retirement plan by receiving a lump-sum distribution, but you risk losing a significant portion of your assets in the process. You lose your tax-deferred investing benefits after you withdraw all of your money from your retirement plan.

TransAmerica Retirement Customer Service 

Transamerica customer service representatives work hard to handle each request accurately and courteously. Transamerica’s Call Center is available Monday through Thursday from 7:00 a.m. to 6:00 p.m. and Friday from 7:00 a.m. to 5:00 p.m., Central Time, at (888) 763-7474 or TransConnect Customer Service (866) 224-3100. Please call them at (855) 244-8318 if your insurance or certificate number begins with a 0 (zero). Their bilingual CSRs (customer service representatives) are also accessible to their Spanish-speaking customers, and they can accommodate most languages. Transamerica has set aggressive goals against which we will measure our service performance. Their number one mission is to provide world-class service, and they hold themselves accountable to ensure you receive it.

TransAmerica Retirement Plan 

Retirement planning refers to financial techniques for saving, investing, and eventually distributing money in order to support oneself during retirement. Many popular investment vehicles, such as IRAs and 401(k)s, allow retirement savers to grow their money while benefiting from tax breaks. Transamerica provides educational webinars led by retirement planning advisers on a variety of topics, allowing you to get the help you need no matter where you are in your career. Webinars are available both live, allowing you to ask questions, and record, and also, allowing you to view them at your leisure.

Your Retirement Outlook® is an application that makes tracking your progress as simple as checking the weather. Your retirement outlook will be displayed as sunny, partly sunny, overcast, or rainy based on your personal information, such as salary, current savings, and contribution rate. Each forecast calculates the possibility of meeting your retirement income objectives based on your approach, so you always know where you stand. Transamerica is a pioneer in Total Retirement Outsourcing® (TRO), as one of just a few companies that support both defined contribution and defined benefit plans. Employers can use their TRO services to simplify retirement program management while boosting employees’ comprehension of the retirement planning process.   

TransAmerica Life Insurance

Transamerica is committed to providing financial solutions that meet the needs of our customers at every stage of their lives, such as life insurance, annuities, mutual funds, employee benefits, and retirement plans. They’re pleased with the trust earned by assisting customers in protecting their financial future. Families nowadays are concerned about the larger picture, such as healthcare costs, retirement readiness, and preserving their family’s quality of life. That is why Transamerica is devoted to assisting in the provision of comprehensive solutions geared to assist people in achieving long-term financial security. Transamerica Life Insurance protects people’s financial futures by providing solutions at every stage of life. 

Simply put, life insurance may be the most significant purchase a family ever makes. Because life happens, solutions are designed to accommodate most conditions, from term to index universal life—and pretty much anything in between. 

Term insurance protects families for a set period of time and often has lower premiums than permanent life insurance. Term life insurance might be an excellent choice for business owners, young families on a tight budget, or older clients in need of life insurance.

Index universal life insurance offers death benefit protection, the opportunity for index-based cash value to increase over time, and a guaranteed minimum interest rate. These and other advantages are provided by the Transamerica Financial Foundation IUL®.

Unlike an inheritance, final expenses are something that no one wishes to leave to heirs. Transamerica’s final expense life insurance can help cover end-of-life expenses, allowing loved ones to focus on family rather than finances when the time comes.

Is Transamerica a Retirement Plan? 

Transamerica is a pioneer in Total Retirement Outsourcing® (TRO), as one of just a few companies that support both defined contribution and defined benefit plans.

What Is Transamerica Used For? 

The Transamerica Corporation is an American holding company for a number of life insurance and investment companies that predominantly operate in the United States, providing life and supplemental health insurance, investments, and retirement services.

Does Transamerica Have a Bank

Since 1906, when a young entrepreneur called Amadeo P. Giannini created a bank in San Francisco to make financial services available to all, Transamerica has stood for innovation. Transamerica now urges our customers to consider their long-term health when pursuing financial success.

What Type of Account Is Transamerica’s? 

Transamerica allows you to provide health savings accounts, emergency savings funds, student loan assistance, and other options that enable people to live their best lives now and in retirement.

What Is Another Name For Transamerica? 

Occidental was renamed Transamerica Occidental Life Insurance Company after the transaction. Over time, the corporation grew into a more diverse conglomerate that encompassed United Artists, Transamerica Airlines, and Budget Rent a Car.

How Long Does It Take to Get a Check From Transamerica? 

Call Transamerica at 800-755-5801 and get a withdrawal form to apply for an in-service withdrawal. After receiving your properly filled withdrawal request, Transamerica will process it within five business days (or as soon as administratively possible). Please anticipate up to three weeks for your cash value check to arrive.

How Much Do I Need to Retire? 

When planning your retirement lifestyle, a popular rule of thumb is to replace 70% of your annual income before retiring. This can be accomplished through a combination of retirement income sources such as Social Security, investments, and savings from 401(k)s, IRAs, and other retirement savings accounts.

Are Transamerica and Fidelity the Same?

Fidelity Investments is not linked with Transamerica Life Insurance Company or Transamerica Financial Life Insurance Company.


You can cash out your retirement plan. If you cash out before the age of 59 1/2, you may be subject to a 10% federal tax penalty. The IRS demands a 20% withholding as a prepayment of federal income tax. You may also be liable for state withholding if you pay your state income taxes in advance. You may have to pay extra in income taxes. Additionally, you can withdraw money from your Transamerica life insurance policy as long as the policy is not a modified endowment contract (MEC), 

1) Withdrawals are tax-free as long as they do not exceed the policy basis (generally, premiums are paid for fewer withdrawals). 

2) Policy loans are tax-free as long as the policy is in force.

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