Not Your Average Financial Podcast™

Episode 90: [Great Problems] Turning a Windfall or Lump Sum into Income for Life

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In this episode, we ask:

  • Which would you prefer?
  • Do you like golf?
  • What financial products can you blend or couple together for amazing outcomes?
  • Where is your “hole in one”?
  • What is a Single Premium Immediate Annuity?
  • What is a strategy for leveraging lump sums?
  • Have you heard Episode 80?
  • Can you rollover money from a 401(k) into an IRA?
  • Can you house a SPIA in an IRA?
  • What’s a tax deferred rollover?
  • What are some great sources for income?
  • Do you want guaranteed income with lifetime payout options?
  • What maintenance is required with a SPIA?
  • Will you outlive your assets in retirement?
  • Would you like to hear an example?
  • What is single life income?
  • How often can you receive income?
  • What is the refund option?
  • What happens if you die?
  • What is joint and survivor income?
  • Do you have a big fat tax problem on a 401(k) or an IRA?
  • How do the choices of frequency affect the income?
  • What makes the income higher?
  • What about installment income?
  • What are the early withdrawal penalties on qualified plans?
  • What happens if the stock market dives?
  • What about a rollover?
  • What are the tax benefits of a rollover?
  • What would be a good timeline for systematically rolling over?
  • How can you get off the money rollercoaster?
  • Who is your caddie?

    • ...more
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