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Principal Adds Flexible Rollover IRA

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NU Online News Service, June 9, 2003, 1:08 p.m. EDT – Principal Financial Group Inc., Des Moines, Iowa, has introduced the Principal Rollover Choice IRA program, an individual retirement account program aimed at workers who are changing jobs or retiring.

Customers can use mutual funds as the funding vehicles, but they also can use annuities, certificates of deposit and brokerage products, Principal says.

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Customers can buy the IRAs through face-to-face meetings with registered representatives or through a telephone hotline.