401K
401K Forums Topics
  • 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 [email protected] 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......
  • Insurance Co. with 401K Will Not Communicate
    I have a client that wants her 401K out of the market. Sent transfer forms 3 weeks ago. The company refuses to talk with the new company and has not even acknowledged that they have the transfer forms. I called them and was told, do to the privacy laws they are not able to talk to me or the new company, they will only talk to the client. Is this common?...