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  • 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...
  • Take Money from 401k to Single Pay Life Insurance
    Good morning everyone. I enjoy the banter on this board and the good advice. I have reached the ripe ole age of 59 and 1/2. Having some money in a 401k I have thought about making a withdrawal and single paying a SPWL or GUL. Yes there will be taxes, but would my commission and saved term premium I'm paying off set that over time? I have looked at my Compulife and Midland National......
  • Whole Life Funded Through Solo 401k
    Ran into a pretty big prospect recently, we have has a few meetings. He is a CEO of a company, he wants to fund a 5 year custom whole life from a 401k, not a 72t. He is claiming he could put up to 56,000 a year from a 401k into whole life? He wants to do the same for his wife and two kids He said there is tax advantages to doing it this way. Any knowledge on this?...
  • 401K Market and VA is He an RIA
    About 8 years ago my best commercial insurance client asked if I can do a 401K for his growing company. At that time it was 8 employees and they have grown to 26 employees. I said that I gave up my Series 7 license in 2000 and stopped being an RIA in 2002. All that I can do for you is an insurance company 401K that has variable annuities in it. You will have over 50 investment choices, the......