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Reply to Unlock Your Clients 401k ANYTIME?     
Old 07-16-2015, 10:58 AM   #1
Super Genius
VB Specialist on Unlock Your Clients 401k ANYTIME?
 
Join Date: Mar 2013
Posts:60
State: VB Specialist is an Insurance Agent from Undisclosed Location
Unlock Your Clients 401k ANYTIME? Unlock Your Clients 401k ANYTIME?
I have been using this method for selling real estate to investors and now have out together a program for advisers to use this same method to sell annuities.

Basically we are able to unlock a clients current 401k while they are working with no taxes, no penalties, and the employer still has to match it.

If anyone is interested in learning more you can reach me at [email protected] and put in the subject line (401k lock)

Please note you must already be selling annuities and not need any sort of basic training in that area.

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  Reply With Quote to Unlock Your Clients 401k ANYTIME?

Old 07-16-2015, 11:09 AM   #2
DHK
Guru
DHK on Unlock Your Clients 401k ANYTIME?
 
Join Date: Nov 2007
Posts:6,010
State: DHK is an Insurance Agent from California
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Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME?
It's called an in-service distribution.

In Service Distribution- 401k Rollover While You’re Still Working
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-16-2015, 11:24 AM   #3
Super Genius
VB Specialist on Unlock Your Clients 401k ANYTIME?
 
Join Date: Mar 2013
Posts:60
State: VB Specialist is an Insurance Agent from Undisclosed Location
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME? VB Specialist is the thread starter for: Unlock Your Clients 401k ANYTIME?

You don't have to wait till 59 1/2......
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-16-2015, 04:40 PM   #4
Super Genius
cowgoesMoO on Unlock Your Clients 401k ANYTIME?
 
Join Date: Jul 2014
Posts:179
State: cowgoesMoO is an Insurance Agent from Florida
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME?
Originally Posted by VB Specialist View Post
I have been using this method for selling real estate to investors and now have out together a program for advisers to use this same method to sell annuities.

Basically we are able to unlock a clients current 401k while they are working with no taxes, no penalties, and the employer still has to match it.

If anyone is interested in learning more you can reach me at [email protected] and put in the subject line (401k lock)

Please note you must already be selling annuities and not need any sort of basic training in that area.
Shouldn't this be in the offers section????
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-17-2015, 09:32 AM   #5
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Join Date: Apr 2009
Posts:1,192
State: Stephen is an Insurance Agent from Arkansas
Stephen is a member of 1000 posts VIP club
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME?
Let me save everyone a sales pitch. He is referring to a self directed IRA.
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-17-2015, 10:22 AM   #6
DHK
Guru
DHK on Unlock Your Clients 401k ANYTIME?
 
Join Date: Nov 2007
Posts:6,010
State: DHK is an Insurance Agent from California
DHK is a member of 5000 posts Super VIP club
Unlock Your Clients 401k ANYTIME?
Yes, he is. The mystery question is how to fund it with 401k dollars while still working at that employer and at any age.

I'm thinking some kind of lending mechanism... besides the standard 401k loan.

I've seen various pension lending things out there. Even if they are legal, I don't necessarily think they're a good idea... even and especially to use to fund an annuity.
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-17-2015, 10:57 AM   #7
Super Genius
VB Specialist on Unlock Your Clients 401k ANYTIME?
 
Join Date: Mar 2013
Posts:60
State: VB Specialist is an Insurance Agent from Undisclosed Location
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME? VB Specialist is the thread starter for: Unlock Your Clients 401k ANYTIME?

Ultimately the money ends up in a self directed IRA yes. But the ability to take it unlock anytime, has not been available up until now. It grew my real estate investment business huge.


Is it a sales pitch yes, will it help your business yes.


I primarily use it to sell real estate investments to clients who don't want stocks and bonds.
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-17-2015, 03:06 PM   #8
Guru
 
Join Date: Apr 2009
Posts:1,192
State: Stephen is an Insurance Agent from Arkansas
Stephen is a member of 1000 posts VIP club
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME?
Originally Posted by DHK View Post
Yes, he is. The mystery question is how to fund it with 401k dollars while still working at that employer and at any age.

I'm thinking some kind of lending mechanism... besides the standard 401k loan.

I've seen various pension lending things out there. Even if they are legal, I don't necessarily think they're a good idea... even and especially to use to fund an annuity.

If the plan document allows for and already has a self directed IRA option installed, whatever custodian is in place determines the investment options.

I suspect that the new magic system includes an independent custodian that will accept any legal investment. All that you have to do is get the plan sponsor to amend the plan document to get them installed, it's that simple
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Old 07-18-2015, 10:32 AM   #9
Super Genius
cowgoesMoO on Unlock Your Clients 401k ANYTIME?
 
Join Date: Jul 2014
Posts:179
State: cowgoesMoO is an Insurance Agent from Florida
Unlock Your Clients 401k ANYTIME? Re: Unlock Your Clients 401k ANYTIME?
Originally Posted by VB Specialist View Post
Ultimately the money ends up in a self directed IRA yes. But the ability to take it unlock anytime, has not been available up until now. It grew my real estate investment business huge.


Is it a sales pitch yes, will it help your business yes.


I primarily use it to sell real estate investments to clients who don't want stocks and bonds.
Again, this should be in the offers section. And I think you need 100 posts to post an offer.
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  Reply With Quote to Unlock Your Clients 401k ANYTIME?
Reply to Unlock Your Clients 401k ANYTIME? 

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