The world of 401(k)s can be tricky to maneuver, especially if you aren’t sitting in the C-suite, where most financial meetings happen.
In this episode, Carl Coolidge explains the importance of retirement planning, how he got involved in working with 401(k)s, and why employers should be doing their research before working with a financial advisor.
Carl also discusses:
-Why Jacobs Coolidge and Company involves advisors of different ages with client care
-The efficiency technology brings to their work, but also why they haven’t let technology replace face-to-face interactions
-The benefit of working with Carl and his team instead of working with a
-Why a retirement plan can be a retention technique for employers
Join Carl for this episode of the Planning for Life podcast to learn more about the benefits of a 401(k) for both the employer and the employee!
Note: Guarantees are based on the claims-paying ability of the issuing company.
Distributions under your policy (including cash dividends and partial/full surrenders) are not subject to taxation up to the amount paid into the policy (your cost basis). If the policy is a Modified Endowment Contract, policy loans and/or distributions are taxable to the extent of gain and are subject to a 10% tax penalty. Access to cash values through borrowing or partial surrenders can reduce the policy’s cash value and death benefit, increase the chance the policy will lapse, and may result in a tax liability if the policy terminates before the death of the insured.