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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
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 .....
S	10/07/09	10	10	10	10	THANKS

Recent Answers from Willard R. Brumbaugh, LUTCF

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?

2009-10-22 401K:

Dear Cary, On the basis of no current income, I suggest that you have two IRAs. Specifically, $50,000 in a laddered CD and the rest in a Fixed Annuity with the 8% Income Account Rider. This rider added

2009-10-22 401K:

Dear Cary, You most certainly should transfer your funds to an IRA. As to which IRA or IRAs, I need more information. Do you need to begin taking withdrawals? If not, when do you want to start taking

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