Half of your 401k are taxed at distribution and before that can incur market risks since there is no downside protection like the index annuities, index IULs or guaranteed whole life insurance. So the government few years ago, allowed employees to take control of a portion of their 401k to avoid market risks and taxes during distribution.
Contact Connie Dello Buono CA Life Lic 0G60621 at 408-854-1883 motherhealth@gmail.com to help you navigate with index annuities, index IUL and whole life insurance.
The general rule is that individuals cannot take a distribution from their 401(k) until a triggering event occurs (for example, you are terminated from your employment or retired). However, if the 401(k) plan document permits, you may be able to take a distribution of certain employer contributions even while you are still working.
For those who wanted a similar to 401k, call Connie.
For 1.2% return of your bank savings using Bank of the Internet in San Diego, call Connie.
If you need a financial planner who will strategically prepare you for any events in the future to secure you financially and protect your wealth, call Connie.
Published by connie dello buono
Connie Dello Buono is based in Sunnyvale California. Her first ebook is about women's health, Birthing Ways Healing Ways and her recent one is about cancer prevention, Curated Healing Ways. She had helped women have holistic childbirth as childbirth educator, founded Motherhealth, to serve seniors in the bay area with holistic caregivers and blogs at www.clubalthea.com with more than 10,000 health and finance related posts.
Connie trains her own caregivers, which are the favorites of most bay area seniors who are home bound and alone.
She is active in the rehab and nursing facilities, volunteering on music and movement for seniors.
She is a member of Lion's club and offered scholarships to students in the Philippines.
She is active at churchinsunnyvale.us and has Fridays Bible home study in Sunnyvale using the recovery version of the Bible , free at biblesforamerica.us
She loves dancing and teaching and her courses can be found at
https://teachclub.com/@thriveafter60
She is California Life Insurance licensed providing life insurance for older adults with health issues and helping women retire safely with income for life.
at menloassetca.com , she helps with 401k rollover.
3 Benefit plans
- Mortgage protection using term life insurance to pay for mortgage balance in event of death
- Final Expense plan using Single Issue Whole Life Insurance, with cash back, disability benefit and guaranteed in the presence of health issues
- Fixed Index Annuity retirement plan for safe, accessibility, less fees, less taxes, avoids probate as it goes directly to beneficiaries, rate of return with no downside market participation.
She brings compassion and understanding to the needs of her clients, bringing holistic approach in health and life insurance. Her goal is to free families from worries especially during covid with caregivers and life insurance in the presence of health issues, especially for women.
She can be reached at 408-854-1883 , motherhealth@gmail.com
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