Jul '23 in General discussion
Roth Conversion / IRA Legacy Plan meeting on 7/10/23
Darren, and I had our zoom call yesterday with Erik, CFP to discuss his client with the $3m in an IRA, and what Roth conversion / Alternatives are available for Erik's client. After a great presentation from Darren, Erik replied this isn't going to work for this client, however I have another client. He said my clients 76, and 74 years of age got approved standard early last year for an IUL. They planned on putting $7m into a CRT and take 5% yearly to fund the IUL, but they loss $3m in the markets and got cold feet. Erik said that this will be a no brainer for them and they are already approved for Life insurance. Our initial presentation was illustrating $750K a year premium for first 4years. The new case annual premium will be over $1m per year.
6
3 comments
Roth Conversion / IRA Legacy Plan meeting on 7/10/23
skool.com/collaborative-free-community-6432
Free access: Learn how partnering with our back-office team will allow you to scale like no other business model. Chat and network with other members.
Leaderboard (30-day)
1
+5
2
+5
3
+2
4
+2
5
+2
powered by