Million-dollar whole life!

[myinsurebiz]

Over the weekend I read a little about IRA's.

Is this a way for a young couple to Buy Term & Invest The Difference?

Traditional IRA vs Roth. Which do you like in a normal situation where a young couple wants to save $100 to $300 a month?

I understand that one needs a securities license for the IRA. True?

 

[KOC Agent]

It's long, but check out John Savage's circles and "tin can" presentation here:

I have always been a fan of John Savage's simple concepts that he uses to educate people about finances. I was impressed by the closing ratio, from prospect to client, that he enjoyed.

 

[DHK]

Over the weekend I read a little about IRA's.

Is this a way for a young couple to Buy Term & Invest The Difference?

Traditional IRA vs Roth. Which do you like in a normal situation where a young couple wants to save $100 to $300 a month?

I understand that one needs a securities license for the IRA. True?

Oh boy - here we go.

Yes, it's a way that can be done.

Traditional IRA vs Roth has income limitations on the Roth to qualify for contribution (not so with permanent life!).

You do NOT need a securities license to open an IRA... if you're doing it with fixed or fixed indexed annuities.

Go ahead and start reading up on IRS Publication 590 parts a & b.

 

[myinsurebiz]

Oh boy - here we go.

Yes, it's a way that can be done.

Traditional IRA vs Roth has income limitations on the Roth to qualify for contribution (not so with permanent life!).

You do NOT need a securities license to open an IRA... if you're doing it with fixed or fixed indexed annuities.

Go ahead and start reading up on IRS Publication 590 parts a & b.

It seems to be a way for folks to save with small monthly / weekly contributions.

What about 401K's ?

 

[DHK]

What about 401K's ?

What about them?

You want to try to install a 401(k) at a company?? Start reading up on IRS publication 560.

 

[myinsurebiz]

I don't want to do any of the below. But - would like to know enough about them so I can steer someone to a product . . .

Maybe these peeps:

SmartVestor investing professionals

Traditional IRA vs Roth has income limitations on the Roth to qualify for contribution (not so with permanent life!).

You do NOT need a securities license to open an IRA... if you're doing it with fixed or fixed indexed annuities.

Go ahead and start reading up on IRS Publication 590 parts a & b.

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What about them?

You want to try to install a 401(k) at a company?? Start reading up on IRS publication 560.

 

[myinsurebiz]

Had a very interesting conversation with Wells Fargo IRA specialist this afternoon. Her husband is also a TDAmeritrade Rep.

Anyone can open a Roth IRA for $25 and as little as $25 a month.

I doubt many of my Clients will need to invest more than the maximum allowed. If so - they can look at other plans offered.