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  • 401K Rollover to Money Market
    I have a client that wants to pull money out of her 401 k and then roll over the rest to an annuity. The company will not do a partial withdrawl or transfer. I was thinking of rolling it over to a money market account and then transferring a portion to the annuity. My question is if you open up a qualified Money market - will she be able to transfer a portion of it immediately....
  • IUL Vs 401k Calculator???
    I went to a Midland presentation a few years back and they had a spreadsheet that compared a 401k (including matching from company, federal and state taxes- tax deduction at contribution and tax hit at withdrawal) as well as compound growth rate, etc. compared to an income tax free IUL income stream (and how much they would have to generate pre-tax). I am a numbers guy, I work with engineers,......
  • 401k Loan Issue, what to Do?
    I have a client that wants to roll $230k, his 401k, into an IRA, problem is He has a 10k loan on it with no way to repay it now that he will be leaving in 30 days. Couple of questions, what happens if he cant pay back the loan? Can that hold back the rollng over of his account? What other implications should he be concerned about?...
  • 401k Diversification
    So we dump a lot of money into my wife's 401k at work. When we first started I just let Fidelity pick the funds. Which was a bad idea. They were very conservative. Two years ago I did a lot of research and set up the funds how I thought they should be set up for aggressive growth (we're in our early 30s). I looked for funds that had at least a 10%+ track record over 15-30 years. Other than......
  • In Service Distribution with TSP (post Office 401k)?
    I am working a case with another agent, the client is 58 1/2 and is still employed but looking to retire soon. He works for the USPS. I know he can roll it to an IRA when he retires, but does the TSP allow an in service distribution at his age? I seem to recall them allowing them before but do they have to be 59 1/2?...
  • Dont Want my Old 401k in Stocks Anymore, Rollover?
    So I have this old 401k from a company that I worked for about 4 years ago. Its not very big, but with the right growth plan it could turn into a decent amount of cash 20-30 years down the road, and i'm trying to figure out what to do with it. i am not very fond of the stock markets, so I dont really want to leave it in the 401k anymore. I am torn between sticking it in an annuity and letting......
  • Unlock Your Clients 401k ANYTIME?
    I have been using this method for selling real estate to investors and now have out together a program for advisers to use this same method to sell annuities. Basically we are able to unlock a clients current 401k while they are working with no taxes, no penalties, and the employer still has to match it. If anyone is interested in learning more you can reach me at adammaggio@me.com and......
  • 401K Rollovers for Low to Middle Income Employees
    Does anyone have a recommendation on what to do if someone has a small amount in a 401K maybe less than 5000 that could be rolled into something? Not security licensed. I will be working with companies on employees leaving the job and enrolling in health and want to do something with what they might have in a 401k...