Commas’ Post

Plenty of folks will tell you to roll the assets in your employer 401(k) over to an IRA. But that may be a mistake. ➡️ IRAs may provide more investment options than an employer-sponsored plan. ❗️BUT❗️ ➡️ Moving money to an IRA could mean missing out on benefits. ➡️ If you're sued or need to declare bankruptcy, 401(k) funds are protected. ➡️ You may be able to borrow money from your 401(k). ➡️ You may be able to purchase life insurance within your 401(k). ➡️ 401(k)s come with some early withdrawal and RMD exceptions depending on how long you work.

In the past, 401k plans were used to attract top-tier talent, but they come with tax penalties for early withdrawals.❎ Indexed Universal Life (IUL) policies offer an alternative. When structured correctly, they track the S&P 500, providing annual interest growth based on market performance. 📈 Unlike 401ks, IULs have a 0% floor, protecting your policy during market downturns. You can also borrow against an IUL tax-free, and it offers living benefits! 🛡 If your 401k isn't performing well, it may be time to consider a 1035 rollover for a greater financial future.💸 #generationalwealth #livingbenefits #lifeinsurance #insurancebroker #IUL #401krollover #assetprotection #mortgageprotection #taxstrategy #retirementplanning

Year-End Financial Focus: As we approach the end of the year, it’s an opportunity to take some steps for your financial future. Consider these moves: 1️⃣ Tax Loss Harvesting Strategy: Review unrealized losses, consider selling stock to offset realized gains and reinvesting the proceeds 2️⃣ Retirement Boost: Consider increasing your contribution rates for your 401k going forward or look into making contributions to your IRA before the tax deadline. 3️⃣ HSA Contribution: Directly contribute to your Health Savings Account (HSA) before year-end. 4️⃣ Review Your Financial Position: Assess your overall financial standing 5️⃣ Insurance Review: Ensure your coverage aligns with your current needs, whether it be property & causality, life or disability insurance. 6️⃣ Goal Setting: Define your personal and professional goals for the upcoming year, why wait till the New Year to make a resolution Seize the opportunity this December to fortify your foundation! 💼💪 #YearEndPlanning #financialfreedom

Questions about a 401k rollover? Check out the article below! #finance #financialsuccess #financialadvisor #fiduciary https://lnkd.in/gg77c4r9

Nondiscrimination testing is a potential pitfall for your clients with 401(k) plans. Read more about a smart solution to help minimize the impact of testing failures—nonqualified deferred compensation plans. #AscensusGetThere

Nondiscrimination testing is a potential pitfall for your clients with 401(k) plans. Read more about a smart solution to help minimize the impact of testing failures—nonqualified deferred compensation plans. #AscensusGetThere

Nondiscrimination testing is a potential pitfall for your clients with 401(k) plans. Read more about a smart solution to help minimize the impact of testing failures—nonqualified deferred compensation plans. #AscensusGetThere

Nondiscrimination testing is a potential pitfall for your clients with 401(k) plans. Read more about a smart solution to help minimize the impact of testing failures—nonqualified deferred compensation plans. #AscensusGetThere

Nondiscrimination testing is a potential pitfall for your clients with 401(k) plans. Read more about a smart solution to help minimize the impact of testing failures—nonqualified deferred compensation plans. #AscensusGetThere