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Retirement Planning/Expert Profile

Willard R. Brumbaugh, LUTCF

U.S.

Available

Expertise

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.

Education/Credentials

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

Average Ratings

Recent Reviews from Users

User	Date	K	C	T	P	Comments
Delano	11/13/09	10	10	10	10
Cary	10/22/09	10	10	10	10	Thanks for the fast response. If I .....
Jean	10/21/09	10	10	10	10	Thanks so much for the information. I .....
RJ	10/14/09	10	10	10	10	Thank you for your response. You've given .....
Cheryl	10/12/09	10	10	10	10	Thank you so much for the info .....

Recent Answers from Willard R. Brumbaugh, LUTCF

2009-11-11 erisa defined benefit plan:

Dear Delano, If I understand your question correctly, for those plans with which I am familiar, administration costs would be the responsibility of the employer. And as such, these costs would be deductible

2009-11-09 IRA's:

Dear Brian, I commend you for thinking long-term. By starting now you gain the advantage of compounding interest over the longer period of time. However, though this term is often used in the marketing

2009-11-06 Early Retirement:

Dear Richard, The short answer is me. For the record, I am now licensed in seven states. The most recent is Connecticut, this due directly to answering questions at this site. I have answered more questions

2009-10-29 Conveting MPP to 401(k):

Dear Tracie, It appears that you may have been asking the wrong questions. If you mean a Money Purchase Plan, that is the same in function as a 401(k). The alternatives would have been a Defined Benefit

2009-10-27 Conveting MPP to 401(k):

Dear Tracie, Can you give me more information? What do you mean by Money Pension Purchase? What is your motivation for having a 401(k) plan? How old is this employee? Is the employee also the owner?

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