Discover alternatives to the Stretch IRA for clients who plan on passing IRA assets to beneficiaries.
To rollover or not rollover a 401(k) sounds like a simple question. The answer, however, can be quite convoluted. Let's start breaking it down by addressing a few questions you should ask clients prior to rolling over a 401(k).
With increased federal spending in response to COVID-19, there is growing concern that personal income taxes will rise over the next few years, forcing high-net-worth clients to look for tax-efficient ways to invest their money. Many will look at a Roth IRA, but there are two primary limitations to this plan: maximum income limits and the maximum contributions limits.
The buzzwords over the past 10 years have been asset accumulation and asset allocation. I propose that if you jump on this bandwagon now, you may be following the wrong paradigm. Don’t get me wrong, asset accumulation and allocation are still very important. But the next big wave in our industry will be asset distribution.
Did you know that, as a licensed insurance agent, you could be breaking the law by transferring funds from a 401(k) into a fixed or fixed-index annuity?