Rollover Your 401k to an Indexed Annuity
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- Опубликовано: 9 сен 2024
- Threats of a stock market crash, recession fears and higher interest rates are driving consumers to purchase annuities. If you have an old 401k sitting out there, in other words not with your current employer, or any tax-deferred retirement account and you want to protect your investment from significant losses in a market crash, you can roll it over into an indexed annuity with no tax consequences whatsoever. Indexed annuities have a 0% floor, so you can never lose money. They also have zero fees.
Because I was declined for an IUL (Indexed Universal Life Insurance) due to my medical history, I chose to put my money into an indexed annuity because of that floor. I spent months researching annuity indexes in my spare time and in those months, I could not in good conscience recommend a particular indexed annuity until just recently. I ran this illustration on myself because this is the exact annuity I am putting my money into.
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The Wealth Protection Lady makes content available as a service to its customers and other visitors to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action.
I like your style of just getting right to it with information that actually has value instead of just clickbaiting people into fluff talk. That said- You should do one on leads! Who you like to go through, etc…
As an agent, I love FIAs. Also, good on you for doing good research. Most people dont.
I am impressed with your illustration. Excellent video!
I really enjoy your videos , they are very informative. Im happy that you're back posting videos. thank you.
Thank you for your valuable information. I am licensed with this carrier. I already sold two policies in this product, and my clients they were happy with this product.thank you.
Very detailed illustrations. Very informative video.
Great video. Lots of quality education in it. 🙏🏽
Thank you for making these videos. They’ve helped me tremendously.
I didn't become financially independent till I was in my mid 40s after having a major financial setback during the covid , Thank God i'm now on my feet . In addition to buying my second house, I'm also making money on a monthly basis through passive income, and I've also met some of my goals. I really hope this motivates someone to know that it doesn't matter if you don't have any of these things yet; no matter your age, you can start today. Investing can help you change your future!
It's essential to comprehend the complexities of investing. Having a trustworthy support system, such as a financial adviser, who can advise you is crucial, especially when choosing assets.
I operate with (ALEX MARTIN TARLOR) an investment specialist who partners with a licensed wealth management firm. For the record, his experience has been the best for my finance
Wow, I'm surprised you know Alex Martin Tarlor He has been my financial advisor for over a year now and not only do I receive large passive income monthly I am able to achieve 4 out 5 financial goal I have for the year
Thanks for talking about your financial consultant. I will definitely look him up and get in touch with him
I agree! It is never too late and stuff happens that will take you down -- divorce, illness, hurricanes, tornadoes, earthquakes, etc.... I have had my own setbacks in life, but I have always clawed my way back up.
Thank you for sharing
Hi there. I love this video! Question for you. When you start to make withdrawals , what are the parameters? Do you set a percentage , and get “fixed” or locked in at that? What about adjustments for inflation? Are you able to increase on a yearly basis of 3% of the withdrawals?
You can request partial withdrawals or full surrender either for the gross amount of the net after taxes. You can also request equal periodic payments monthly, quarterly, bi-annually and annually. You can also choose an percentage rate. I have not seen a withdrawal request form that includes adjustments for inflation. However, you may only change the calculation method only once after payments begin and you can only switch to the RMD method.
I find it interesting you didn't choose the same indices that have the 1.25% fee. I have an annuity myself with another company but to me it was a no brainer to choose the fee to have access to higher participation rates.
Can you do a video on how to research and find the scores of life insurance companies?
Thank you for the suggestion.
Like the videos, not melodrama. To the point
I would love to hear your thoughts on why the Dave Ramsey‘s of the world bash FIAs
I don't recommend a FIA to anyone UNLESS they were declined for an IUL or they want to save their tax-deferred retirement account from stock market losses. I haven't read or listened to Dave Ramsey, but an indexed product is all about the index -- how it performs and what it guarantees. There are plenty of annuities out there that under perform. At the same time, the majority of CFPs don't understand life insurance products, but they speak and write about it anyway.
He says a few things that aren't too sound.
Great content! Thanks. What are your thoughts on a FIA with a no cost index locking option during the year between points? Thanks so much.
Being able to lock in an interest rate is a very nice option.
So, since UIL and annuity are similar, what are the differences. Is it just , if you qualify for the UIL based on age / health, you go with the annuity? But, I heard you can set up a UIL in your chid/children’s name instead, if you don’t qualify.
There is no tax-free anything with an annuity. You also don't have full access to your money until the surrender period is over. Yes. You can set up an IUL for your child.
Are IUL's or indexed which one is better?
I would never recommend an indexed annuity to someone over an IUL. I was declined for the IUL and am putting my money into an indexed annuity, but it is definitely second choice. I only recommend an indexed annuity if you were declined for the IUL or if you want to save your tax-deferred retirement account from stock market losses.
Hello, I just found your channel on time. I was just pitched by a financial advisor a Fixed annuity. He did not mention Fixed Index Annuity. We are now processing the paperwork. I wonder if you would suggest for me to change it to Fixed Index annuity. Thoughts?
It really depends on your age and what you are looking to accomplish. I would not recommend an annuity for anyone unless you were declined for an IUL or if you want to save your tax deferred retirement plan from stock market losses. If you complete the questionnaire from the following link, and mention at the end that you contacted me on RUclips, we can find a time to talk. application.wealthprotectionlady.com/
Can I roll over my 401k to an IUL or annuity if I am under 59 1/2 and still working for the company that set up my 401k?
You can roll over a 401k into an annuity but not an IUL. Most employers won't allow you to do it while you are still with the company.
Even with zero percent floor, how do you protect yourself from the insurance company going bankrupt?
You want a life insurance company that has been around for over 100 years and highly rated by the 3 rating agencies. You also want a carrier that has a high Comdex rating. Also, instead of federal regulation, each state has an insurance department that is responsible for enforcing strict regulations on life insurance companies. One of the strictest and most important requirement is the dollar for dollar reserve requirement where the insurance company must keep at least $1 in reserve for every $1 in guarantees they've made to contract owners. Banks are required to have only 10% in reserves for every $1 deposited. In the 2008 financial crisis, only one life insurance company became insolvent (AIG) while 465 banks failed.
Has any ever? Don't think so! But plenty of banks have
Safest place to have your money.
Hello, I seen some of your videos and I would like to see how we can get in contact so you can help set up an IUL. I just got approved for an IUL but feel like it’s not structured correctly. Thanks you .
Complete the following questionnaire and we can find a time to connect application.wealthprotectionlady.com/
What about an old pension plan? Can I rollover this account as well to Indexed Annuity?
Yes. You can roll over a pension plan into an indexed annuity.
Good morning from Colorado i was wondering if you can guide me a little bit towards where to get the best iul for me please and thank you in advance 🙏
Complete this application and we can find a time to talk and watch my video IUL on Steroids. The proprietary S&P PRISM index is the #1 Best Performing Index in the industry with an average annual return since its inception in 2018 of 17.04%. Here is the link to the application: application.wealthprotectionlady.com/
Hello I was wondering if there is a way to talk to you directly to ask some questions and see if you can help me with IUL’s for me and my daughters ??
I will really appreciate if you can help me with that ..
Complete the application from the link and we can find a time to talk: application.wealthprotectionlady.com/
Brave to put your personal info and phone number in the video .
Lol! Thank you for letting me know!! That was stupid of me. I was able to edit the video by blurring out my information. I was wondering how people were getting my phone number. Duh!
@@WealthProtectionLady good
This Fidelity you mentioned is not the same Fidelity stock broker company, isn't it?
The video stated yes it is
Yes. F&G is a Fidelity company.
Can you rollover from a 41k where you still working at?
Yes.
What is there TSR?
I do not know
annuties are for people who dont understand the ups and downs of the market, or proper distribution of financial assets. put money in bond funds, money markets, CD. In. the right ones you'll. tons because of fees and commissions on annuty and insurance products, MOST ANNUITIES DONT PAY DIVIDENDS OF THE INDEX THEY MIRROR, this lady cant get life insurance thats why she bought and annuty, its rediculous to put ira or 401k. money in an annuity, they are already TAX DEFERRED. ITS LIKE WEARING SOCKS WHEN YOU TAKE A BATH. nothing personal wish you well.
You are wrong. There are zero fees with an indexed annuity unless the agent puts an income rider on it and that is totally unnecessary considering once the surrender period is over, who is to say that the same carrier would have the best SPIA rates. I would not recommend an annuity to anyone unless you were declined for an IUL or if you want to save your tax deferred retirement account from stock market losses. There is a 0% floor with an indexed annuity, so you can never lose money. You must not be old enough to remember losing 40% of your 401k in the years leading up to 2008.