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I AM 53 SINGLE NO DEPENDENTS. i reside in new jersey. I AM A LICENSED LIFE AND HEALTH AGENT. I AM NOT THAT VERSED INTO ANNUITIES AND RETIREMENT PLANNING. I GETTING EDUCATED ON IT. I HAVE NO RETIREMENT PLAN INPLACE . I AM PUTTING IN PLACE A SOLO 401K WHICH I WILL BE FUNDING VERY SHORTLY .I PRESENTLY HAVE $6000 IN A ROTH AND PLAN ON ADDING ANOTHER $6000 FOR 2012CONTRIBUTION. RIGHT NOW IT IS SITTING IN CASH.
I CAN CONTRIBUTE COMFORTABLY 25K PER YEAR MAYBE EVEN ALITTLE MORE INTO MY RETIREMENT ACCOUNTS.
THIS YEAR I PLAN ON INVESTING CLOSE TO 60K OR MORE INRETIREMENT ACCOUNTS. 56K IN MY SOLO 401KAND 12K IN MY ROTH IRA.
I NEED THE MAXIMUM DEDUCTIONS BECAUSE I AM GROSSING ABOUT150K PER YEAR. I KNOW THAT I CAN DEDUCT AS MUCH AS 56K PER YEAR CONTIRBUTING TOMY 401K WHICH WILL HELP GREATLY REDUCE MY TAX BILL EACH YEAR. SO I THINK I WOULD PLAN ON MAYBE CONTRIBUTINGTHE MAX WHICH WOULD BE ABOUT 56K PER YEAR.
I PLAN ON LOOKING TO INVEST INTO THESE PRODUCTS: CASH VALUE LIFE INSURANCE, ANNUTIES ,EXCHANGE TRADED FUNDS , MARKET LINKED CDS , VARIABLE ANNUITIES, GOLD –SILVER.
DOES ANYONE HAVE ANY SUGGESTIONS ON WHAT WOULD BE THE BESTTYPE OF PRODUCTS FOR ME. I NEED TAX DEDUCTIONS AND I WOULD LIKE TO CREATE A PENSIONSO AFTER 10-15 YEARS I CAN START DRAWING AN INCOME.
SOME OF THE PRODUCTS SHOWN TO ME HAVE BEEN INDEX UNIVERSAL LIFEAND INDEX ANNUITIES WITH INCOME RIDERS .
HERE ARE SOME OF THE PRODUCTS THAT HAVE BEEN PRESENTED TOME: ALLLIANZ 360, AMERICAN EQUITY GOLD, NORTH AMERICAN CHARTER 14. ALSO ALLIANZ INDEX LIFE PRODUCT.
NOTE: THE NORTH AMERICAN PRODUCT LOOKED ATTRACTIVE BECAUSE OF THE 8% BONUS FOR THE FIRST 7 YEARS PLUS INDEX LINKED. IT DOES HAVE A 14 YEAR SURRENDER THOUGH.
DOES ANYONE HAVE ANY SUGGESTIONS FOR ME AS FAR AS PRODUCTS AND STRATEGIES ARE CONCERNED. I KNOW THERE ISTHE LADDERING APPROACH. I WANT TO ACCUMULATE AS MUCH AS POSSIBLE WITH THEOPTION TO DRAW AN INCOME STREAM AS WELL.
APPRECIATE ANY FEEDBACK THANKS