To answer your question: this was just about the right amount of info. Not too long and not too short. If anything, there were a few terms in there I didn't know so I thought could have been explained better and at greater length, but that's only because I'm a bit of a newbie to the financial investing world. I just need to keep plugging along, putting in the time to watch another dozen or two of your videos, and I'll know more of the lingo. Once I get to that point, I'd think explanations would have been superfluous here. So you're good!
Hey Linda! Thanks for the feedback. Very helpful. My wife always says I assume everyone knows what I do and leave out definitions. I’ll try to watch that.
@@foundryfinancial Just an idea for a future video I’m looking to get a handle on where I stand for retirement. I have accounts with Vanguard Fidelity in Voya and I find the retirement planning severely lacking. Would you recommend a program like new retirement or empower/Personal capital as a starting point?
Would the purchase of one of these QLACS be a taxable event? Withdrawal of $200K from an IRA will push a lot of people into the 24% or higher tax brackets. Exactly what is the tax implications of these QLACS? Thanks.
Im not convinced this would be the best deal. Theres better stuff out there tax free and dont have to wait until 85. Roth conversion and tax free annuities cost analysis is better... especially for heirs.
Depends on your goals and your tax situation. Definitely not right for everyone, but there’s a subset where it makes sense. ROTH conversions don’t make sense for everyone either. Retirement income planning is very specific and honestly I’d have agreed with you for quite some time, but I’ve come to see the usefulness in some situations.
I just don’t like all the hidden fee’s!! It would be better just to take the money out, bite the bullet and pay the taxes… and then invest in the stock market. I’m currently stuck in a cash balance plan. And even though the stock market was booming last year somehow I ended up owing them money. Sorry, I don’t believe in all this BS anymore. The investment community tries to complicate things, but I think most people can figure out their own finances… if they try.
These suck because every one is a unique contract. There are so many opportunities for the person making the contract to screw you over. In theory, done right, they can be useful tools. But some of the people offering them are crooks and you have to watch them like a hawk and know exactly what you're watching for.
Have you considered a QLAC?
To answer your question: this was just about the right amount of info. Not too long and not too short. If anything, there were a few terms in there I didn't know so I thought could have been explained better and at greater length, but that's only because I'm a bit of a newbie to the financial investing world.
I just need to keep plugging along, putting in the time to watch another dozen or two of your videos, and I'll know more of the lingo. Once I get to that point, I'd think explanations would have been superfluous here. So you're good!
Hey Linda! Thanks for the feedback. Very helpful. My wife always says I assume everyone knows what I do and leave out definitions. I’ll try to watch that.
Great content. I was not aware of QLAC and how it could help to lower RMD and provide fix income later on. Have to look into getting the annuity.
I’m not typically annuity fan, but it is an interesting concept.
That was very interesting. Like you, I’m very hesitant about insurance products, but it would be some thing that I would look into.
Thanks!
Yeah, I’m always suspect - but they can serve an important function, especially with the current rates.
@@foundryfinancial Just an idea for a future video I’m looking to get a handle on where I stand for retirement. I have accounts with Vanguard Fidelity in Voya and I find the retirement planning severely lacking. Would you recommend a program like new retirement or empower/Personal capital as a starting point?
Great idea, thanks!
Would the purchase of one of these QLACS be a taxable event? Withdrawal of $200K from an IRA will push a lot of people into the 24% or higher tax brackets. Exactly what is the tax implications of these QLACS? Thanks.
Glad I have 350k all roth so not worried about taxes
Where is the link to access the free calculation tool online?
Instead, what do you think of just keeping VMFXX ?
That’s going to get less attractive as rates fall.
So what would you recommend? BND has been so disappointing the past couple of years
Maybe a list of some quality insurance companies that sell QLAC's ???
Good idea. There’s not many yet, but the list is growing.
I haven’t looked recently, but we bought all of ours from well known A+ companies.
can you make a video about Roth Conversions ? And maybe one for freelancers a decade away from retirement?
Both great ideas. I’ll add them to the list for early this year.
You are the best. Glad you're in LA! Close by@@foundryfinancial
Im not convinced this would be the best deal. Theres better stuff out there tax free and dont have to wait until 85. Roth conversion and tax free annuities cost analysis is better... especially for heirs.
Depends on your goals and your tax situation. Definitely not right for everyone, but there’s a subset where it makes sense. ROTH conversions don’t make sense for everyone either. Retirement income planning is very specific and honestly I’d have agreed with you for quite some time, but I’ve come to see the usefulness in some situations.
I just don’t like all the hidden fee’s!! It would be better just to take the money out, bite the bullet and pay the taxes… and then invest in the stock market. I’m currently stuck in a cash balance plan. And even though the stock market was booming last year somehow I ended up owing them money. Sorry, I don’t believe in all this BS anymore. The investment community tries to complicate things, but I think most people can figure out their own finances… if they try.
These suck because every one is a unique contract. There are so many opportunities for the person making the contract to screw you over.
In theory, done right, they can be useful tools. But some of the people offering them are crooks and you have to watch them like a hawk and know exactly what you're watching for.
You might be a con. Maybe a good guy?
😂im not sure how to respond to that. :)