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Willard R. Brumbaugh, LUTCF


I have answered many questions regarding 401ks, IRAs and annuities as well as life insurance. I have been counselling against most Qualified Plans since 1994.


Life Underwriters Training Council Fellow

What do you like about this subject?

I enjoy assisting retirement minded individuals and companies in creating programs that provided untaxed income at retirement.

What do you still hope to achieve/learn in this field?

I expect to continue to maintain my reputation as the expert that others can count on to provide the most accurate and complete information regarding retirement planning - both before and after retirement.

Something interesting about this subject that others may not know:

I have talked to a number of CPAs as well as a retired IRS accountant, all of whom agree that there is no real tax savings in Qualified Plans for those that succeed in their retirement planning.

Something controversial or provocative about this subject

401k plans favor the employee only when the employer is contributing to each participating employee's account. I recommend that employers not have 401ks

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    K = Knowledgeability    C = Clarity of Response    P = Politeness
Bob11/30/16101010Thank you so much for your counsel .....
Claiborne02/23/16101010Thanks for the fast reply. I am .....

Recent Answers from Willard R. Brumbaugh, LUTCF

2016-11-28 I.R.A. due to mature:

Bob,    The reason I divorced myself from the stock market is its unpredictable nature. If I were to say variable is better, I could be leading you astray. Were I to say fixed is better, the market could

2016-11-23 I.R.A. due to mature:

Bob,    Short term plans necessarily provide low yields. However, I have knowledge of a company in New Jersey that will pay 2.0% for a three year term and 2.4% for a five year term. If we had larger accounts

2016-11-23 I.R.A. due to mature:

Dear Bob,    Thank you for your questions. Yes, banks do have different frequencies of interest compounding. However, you should be able to do better by moving your IRA into an insurance company's annuity

2016-02-18 Retirement Planning:

Dear Claiborne,    First you must define your time goals and what you are saving for. Then you need to consider what you expect your financial options to do in the way of performance. The difficulty you

2015-11-18 401k:

Dear Adam,    Your question illustrates why I do not like 401(k)s. Assuming you do not meet those conditions, the short answer is quit your job. This is the only quick way to qualify to get control of


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