The Stephen Jeung Show

Stephen Jeung, founder of Jeung Agency, explains why old 401(k)s, 403(b)s, 457s, and TSPs can quietly rack up fees for years after you leave an employer — and walks through how a rollover works and when a fixed index annuity or indexed universal life (IUL) policy may be a better fit for retirement dollars.

Key Takeaways

• Forgotten workplace accounts keep charging advisory fees, fund expense ratios, and platform fees even when no one is managing them.
• A rollover is a tax-free, institution-to-institution transfer when done correctly.
• Fixed index annuities offer a "zero floor" with market-linked crediting, caps, and enrollment bonuses on qualified funds.
• IUL policies add a death benefit and tax-advantaged access through policy loans.

FAQ

Q: Can I roll over an old 401(k) without triggering taxes?
A: Yes — a direct institution-to-institution rollover avoids taxes and penalties when done correctly.

About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning for teachers, public employees, first responders, and business owners.

Keywords: old 401k rollover, 403b rollover, 457 plan rollover, TSP rollover, fixed index annuity, indexed universal life, IUL, retirement account fees, Jeung Agency, Stephen Jeung

JeungAgency.com
Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

Stephen Jeung, founder and CEO of Jeung Agency, explains what a multi-year guaranteed annuity (MYGA) is and why it can make sense for retirement cash, home-sale proceeds, inheritance money, or maturing CDs sitting in a low-yield account. He compares MYGAs with bank CDs and high-yield savings, focusing on principal protection, locked rates, and tax-deferred growth.

Key Takeaways

• A MYGA is a fixed-rate insurance contract that locks in a rate for a set term — often 3, 5, or 7 years — with no market exposure.
• Tax-deferred growth means no annual taxation on interest, unlike a bank CD.
• Bank CD rates are shaped to protect bank margins; shopping across A-plus rated carriers can find better locked rates.
• Most MYGA contracts allow limited penalty-free withdrawals (often around 10% annually), with surrender charges for early access beyond that.
• Example: a client moved $200,000 from a money market account into a MYGA to match their decision timeline after selling an investment property.

FAQ

Q: What is a MYGA (multi-year guaranteed annuity)?
A: A MYGA is a fixed-rate annuity contract issued by an insurance company that locks in a guaranteed interest rate for a set term, offering principal protection and tax-deferred growth.

Q: Is a MYGA better than a bank CD?
A: A MYGA can offer a higher locked rate and tax-deferred growth compared to a CD, though it typically carries surrender charges for early withdrawals beyond the penalty-free allowance.

About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning, fixed annuities, and indexed universal life for teachers, public employees, first responders, and business owners.

Keywords: MYGA, multi-year guaranteed annuity, fixed annuity, annuity vs CD, tax deferred annuity, retirement cash planning, principal protection annuity, A-plus rated annuity carriers, Jeung Agency, Stephen Jeung

JeungAgency.com
Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

Stephen Jeung, founder and CEO of Jeung Agency, explains why a public pension typically replaces only 50–60% of a first responder's working income — not 100% — and why that gap gets worse once healthcare and long-term care costs are factored in. He breaks down the tools firefighters, police officers, and paramedics can use to close that gap without adding new out-of-pocket costs.

Key Takeaways

• A pension usually replaces 50–60% of income, not 100% — retirement expenses often don't fall as fast as income does.
• About 70% of Americans over 65 will need some form of long-term care, which Medicare does not cover.
• A 457 plan or supplemental retirement account can potentially be reviewed and improved.
• Rollover assets can sometimes be repositioned to fund LTC protection without new monthly costs.
• Indexed universal life (IUL) with an LTC rider and fixed indexed annuities are two tools used to help close the retirement gap.

FAQ

Q: How much of my income will my pension actually replace?
A: Most public pensions replace roughly 50-60% of pre-retirement income — not 100% — which is why running your actual numbers matters more than assuming the pension "covers it."

Q: Can I use rollover funds to help pay for long-term care?
A: In some cases, qualified rollover assets can be repositioned into strategies like an IUL with an LTC rider, without creating new out-of-pocket premium costs.

About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning for teachers, public employees, first responders, and business owners.

Keywords: first responder retirement, pension gap, firefighter retirement planning, police pension, 457 plan, indexed universal life, IUL with long term care rider, fixed indexed annuity, long term care planning, retirement income replacement, Jeung Agency, Stephen Jeung

JeungAgency.com
Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

Stephen Jeung, founder and CEO of Jeung Agency, sits down with David Beas to explain how long-term care planning works — and how life insurance-based LTC strategies solve the "use it or lose it" problem of traditional LTC insurance. They walk through an example of repositioning $150,000 in IRA or 401(k) funds into an estimated $600,000+ in tax-free LTC benefits for a married couple.

Key Takeaways

• Long-term care is a major blind spot in retirement planning — Medicare does not cover most custodial care.
• Traditional LTC insurance can lose all its value if benefits go unused; hybrid life insurance-based LTC preserves a death benefit either way.
• Qualified funds — IRAs, 401(k)s, 403(b)s, 457 plans — can potentially be repositioned into LTC-funding strategies.
• Long-term care carries three burdens: financial cost, emotional strain on caregivers, and administrative complexity.

FAQ

Q: Can I use my IRA or 401(k) to pay for long-term care?
A: Qualified funds can potentially be repositioned into a life insurance-based LTC strategy, depending on your age, health, and account type.

About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning, IUL, fixed annuities, and long-term care strategies for teachers, public employees, first responders, and business owners.

Keywords: long-term care planning, LTC insurance, hybrid LTC insurance, life insurance long term care rider, use it or lose it LTC, IRA to long term care, 401k long term care, retirement planning, silver tsunami, indexed universal life, Jeung Agency, Stephen Jeung, David Beas

JeungAgency.com
Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

Life Insurance Explained: Term vs. Permanent, Cash Value & Estate Planning | Stephen Jeung

Wondering how much life insurance you actually need, whether term or permanent coverage fits your situation, or how cash value policies really work? Stephen Jeung answers the life insurance questions clients ask most — from coverage amounts and workplace benefits to underwriting, estate planning, and wealth transfer.

This video covers term life insurance, permanent life insurance, policy conversions, living benefits, cash value access, medical exams, and premium payments — everything you need to make an informed decision before you buy or convert a policy.

📅 Book on this link here → https://calendly.com/jeungagency/lifeinsurancemeeting
🌐 JeungAgency.com

Chapters
0:00 Introduction
0:17 How much life insurance do you need?
0:56 Term vs. permanent life insurance
2:03 When to convert term life insurance
2:27 Tax advantages of permanent life insurance
3:00 Using cash value while you're alive
3:27 Is employer-provided life insurance enough?
3:47 Underwriting and medical exams
4:36 What happens if you stop premium payments?
4:58 Estate planning and wealth transfer
5:22 Final thoughts and next steps

Keywords: life insurance, term life insurance, permanent life insurance, cash value life insurance, indexed universal life insurance, term vs permanent life insurance, life insurance underwriting, living benefits, estate planning, wealth transfer, how much life insurance do I need, Los Angeles life insurance advisor

#LifeInsurance #TermLife #PermanentLifeInsurance #CashValueLifeInsurance #EstatePlanning #WealthTransfer #stephenjeung

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생명보험 완벽 가이드: 정기보험 vs 종신보험, 현금가치, 상속 계획 | Stephen Jeung

생명보험이 얼마나 필요한지, 정기보험과 종신보험 중 어떤 것이 나에게 맞는지, 현금가치 보험이 실제로 어떻게 작동하는지 궁금하셨나요? Stephen Jeung이 고객들이 가장 많이 묻는 생명보험 관련 질문에 답합니다 — 필요 보장 금액과 회사 제공 보험부터 심사, 상속 계획, 자산 이전까지 다룹니다.

이번 영상에서는 정기보험, 종신보험, 보험 전환, 리빙 베네핏, 현금가치 인출, 건강검진, 보험료 납입까지 — 보험을 가입하거나 전환하기 전에 알아야 할 모든 것을 다룹니다.

📅 아래 링크에서 상담 예약하기 → https://calendly.com/jeungagency/lifeinsurancemeeting
🌐 JeungAgency.com

챕터
0:00 소개
0:17 생명보험은 얼마나 필요할까요?
0:56 정기보험 대 종신보험
2:03 정기보험을 언제 전환해야 할까요
2:27 종신보험의 세금 혜택
3:00 살아있는 동안 현금가치 활용하기
3:27 회사에서 제공하는 생명보험만으로 충분할까요?
3:47 심사와 건강검진
4:36 보험료 납입을 중단하면 어떻게 될까요?
4:58 상속 계획과 자산 이전
5:22 마무리 및 다음 단계

키워드: 생명보험, 정기보험, 종신보험, 현금가치보험, 유니버설종신보험, 정기보험 대 종신보험, 생명보험 심사, 리빙 베네핏, 상속 계획, 자산 이전, LA 생명보험 상담사

#생명보험 #정기보험 #종신보험 #상속계획 #자산이전 #stephenjeung

Why Most Retirement Plans Ignore Taxes, Inflation & Long-Term Care | Stephen Jeung

Stephen Jeung, a financial planner with nearly 30 years of experience, breaks down the retirement income strategies most plans miss — the ones that actually protect your money from taxes, inflation, and long-term care costs. Retirement mistakes get expensive fast, and this episode gives you a practical roadmap for structuring your savings before you retire.

Stephen explains why starting early matters, why tax diversification is critical, and how to think about pre-tax, Roth, and taxable accounts together instead of as separate buckets.

You'll discover:
Why automated contributions and dollar-cost averaging smooth out market volatility
How Roth conversions and tax-aware withdrawal planning reduce future tax pain
When fixed index annuities make sense for people who want upside without giving up capital protection
Why long-term care is one of the biggest blind spots in retirement planning
How hybrid long-term care solutions protect both your care needs and your family's legacy

Stephen also covers planning around inflation, Social Security uncertainty, Medicare gaps, and why many retirees risk outliving their money without an adjusted strategy — plus the case for working with an advisor who's seen multiple market cycles, not just this one.

Essential listening if you want a smarter, more resilient retirement plan and want to know what seasoned advisors are thinking about before it's too late.

📅 Book on this link here → https://calendly.com/jeungagency/freestrategycall
🌐 JeungAgency.com

Timestamps:
0:00 — Introduction to Retirement Planning
0:11 — Maximizing Retirement Contributions
0:33 — Tax-Efficient Retirement Strategy
0:57 — Investment Strategies for Retirement
1:23 — Annual Portfolio Review
2:12 — Healthcare and Long-Term Care
3:21 — Retirement Budget and Inflation
3:53 — Tax-Efficient Withdrawals
4:14 — Choosing the Right Advisor

Keywords: retirement planning, retirement income planning, tax-efficient retirement, Roth conversion strategy, fixed index annuity, long-term care planning, hybrid long-term care insurance, inflation and retirement, Social Security planning, Medicare gaps, tax diversification, 401k 403b rollover, Los Angeles financial planner

#RetirementPlanning #TaxPlanning #LongTermCare #FixedIndexAnnuity #stephenjeung

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은퇴 계획이 세금, 인플레이션, 장기요양을 놓치는 이유 | Stephen Jeung

30년 가까운 경력을 가진 재정 설계사 Stephen Jeung(스티븐 정)이 대부분의 은퇴 계획이 놓치고 있는 핵심 전략을 알려드립니다 — 세금, 인플레이션, 장기요양 비용으로부터 자산을 실제로 지켜주는 전략입니다. 은퇴 관련 실수는 생각보다 빠르게 큰 비용으로 이어지며, 이번 영상은 은퇴 전 저축을 어떻게 구조화해야 하는지에 대한 실질적인 로드맵을 제공합니다.

Stephen은 왜 일찍 시작하는 것이 중요한지, 왜 세금 다각화가 필수적인지, 그리고 세전(Pre-tax), 로스(Roth), 과세 계좌를 별개로 보지 않고 하나의 전략으로 함께 고려해야 하는 이유를 설명합니다.

이 영상에서 배울 수 있는 것:
자동 납입과 정액분할투자(Dollar-Cost Averaging)가 시장 변동성을 어떻게 완화하는지
로스 전환(Roth Conversion)과 세금을 고려한 인출 전략이 미래의 세금 부담을 어떻게 줄이는지
원금은 보호하면서 상승 수익도 원하는 분들에게 고정지수연금(Fixed Index Annuity)이 언제 적합한지
장기요양(Long-Term Care)이 왜 은퇴 계획에서 가장 큰 사각지대인지
하이브리드 장기요양보험이 본인의 요양 필요와 가족의 자산을 동시에 어떻게 보호할 수 있는지

Stephen은 또한 인플레이션, 소셜시큐리티(Social Security)의 불확실성, 메디케어(Medicare)의 공백, 그리고 전략을 조정하지 않으면 많은 은퇴자들이 자산보다 오래 살게 될 위험에 대해서도 다룹니다. 그리고 단순히 지금의 시장 사이클만이 아니라 여러 번의 시장 사이클을 겪어본 재정 상담사와 함께 계획하는 것이 왜 중요한지도 강조합니다.

더 스마트하고 탄탄한 은퇴 계획을 원하신다면, 그리고 경험 많은 재정 상담사들이 늦기 전에 어떤 고민을 하고 있는지 알고 싶으시다면 꼭 시청하세요.

📅 아래 링크에서 상담 예약하기 → https://calendly.com/jeungagency/freestrategycall
🌐 JeungAgency.com

타임스탬프:
0:00 — 은퇴 계획 소개
0:11 — 은퇴 납입금 최대화하기
0:33 — 세금 효율적인 은퇴 전략
0:57 — 은퇴를 위한 투자 전략
1:23 — 연간 포트폴리오 점검
2:12 — 건강보험과 장기요양
3:21 — 은퇴 예산과 인플레이션
3:53 — 세금 효율적인 인출 방법
4:14 — 올바른 재정 상담사 선택하기

키워드: 은퇴 계획, 은퇴 소득 전략, 세금 효율적 은퇴, 로스 전환, 고정지수연금, 장기요양보험, 하이브리드 장기요양보험, 은퇴 세금 전략, 인플레이션과 은퇴, 소셜시큐리티, 메디케어, 401k 롤오버, LA 재정 상담사

#은퇴계획 #노후준비 #재정계획 #장기요양보험 #연금 #세금계획 #재정상담 #미국재테크 #은퇴전략 #stephenjeung

Stephen Jeung on Life Insurance, IULs, and Smarter Retirement PlanningStephen Jeung, founder and CEO of Jeung Agency, breaks down how he built a carrier-agnostic insurance firm and why he believes clients need more than a one-size-fits-all approach. Anna also shares the framing for the conversation and helps guide the discussion through life insurance, IULs, annuities, and retirement blind spots.We discuss how Stephen got into financial services, what makes Jeung Agency different, and the biggest mistakes people make when buying life insurance or planning for retirement.Key topics

• Stephen’s path into the industry
• Why he founded Jeung Agency
• Why carrier choice matters
• The biggest mistake people make with life insurance
• Term insurance vs permanent insurance
• Why living benefits matter
• How Stephen explains IUL
• Who IUL may fit best
• How to structure an IUL properly
• Retirement blind spots for pension participants
• What to look for in a rollover or annuity decision
• What makes a strong annuity
• Why mentoring and education matter in the industry
• What Jeung Agency offers to agents

• “You need to have a purpose of why you're buying life insurance.”
• “You want to own your insurance or do you want to rent insurance?”
• “The biggest blind spot is that they're underfunding their retirement.”

• Review whether your life insurance has a real purpose and enough coverage for dependents or income replacement.
• Compare multiple carriers before accepting a quote, especially for term insurance.
• Check whether your current retirement plan is relying too heavily on a pension or one account type.
• Ask an advisor whether your annuity or IUL is structured for your actual time horizon and goals.
• If you are a licensed agent, look for mentorship and carrier access instead of chasing leads without a system.

Timestamps00:00 - Stephen introduces Anna and the podcast
00:25 - Anna frames Stephen’s background and what the episode will cover
01:20 - Stephen explains how his brother inspired his career path
02:29 - Why he founded Jeung Agency and what makes it different
04:19 - Real client example showing the value of shopping multiple carriers
06:58 - The biggest mistake people make when buying life insurance
07:44 - Term insurance vs permanent insurance
09:55 - Why clients should question quotes that only show one company
11:08 - What IUL is and how it works
12:35 - Example of using IUL for long-term retirement income
14:24 - How IULs get misused when they are not properly structured
16:04 - Who IULs are best suited for
17:47 - Retirement blind spots for pension participants
20:05 - What to evaluate before rolling over a 401(k), 403(b), 457, or IRA
21:36 - What a fixed indexed annuity is and how it can fit into a plan
23:22 - The good, bad, and misunderstood parts of annuities
24:53 - When annuities are inappropriate
25:21 - What separates a strong annuity from a poor one
27:10 - Why people replace older annuities
28:08 - How Stephen’s philosophy has evolved over time
29:41 - What five-star reviews mean to the agency
31:08 - Why recruiting in insurance is often broken
33:59 - How Jeung Agency solves the lead problem
36:17 - Top five things about working with Jeung Agency
38:57 - Final thoughts and who should reach outNotable quotesAction items

#stephenjeung #jeungagency #lifeinsurance #IUL #indexeduniversallife #retirementplanning #annuities #fixedindexedannuity #termlifeinsurance #wholelifeinsurance #livingbenefits #financialplanning #retirementincome #401k #403b #rothira #insuranceagent #financialadvisor #wealthbuilding #taxfreeretirement #insuranceeducation #personalfinance

Keywords (YouTube tags/SEO):
Stephen Jeung, Jeung Agency, life insurance, IUL, indexed universal life insurance, retirement planning, fixed indexed annuity, annuity vs life insurance, term life insurance, whole life insurance, permanent life insurance, living benefits, cash value life insurance, retirement blind spots, pension planning, 403b rollover, 401k rollover, IRA rollover

Description

Most people buy life insurance from one agent, get one quote, and never find out what they missed. David Beas has spent his career on the carrier side — he knows why two companies can look at the same person and come back with completely different offers, and why the policy you were shown may have had more to do with who was selling it than what you needed.

We covered a lot of ground: how much coverage you actually need, term versus permanent and how to decide, what IUL really does and where it gets oversold, how to read a policy illustration without getting fooled by the assumptions, why carrier selection matters more than most people realize, and how life insurance solves problems that have nothing to do with dying — estate liquidity, buy-sell agreements, key person coverage, executive retention, and long-term care.

If you've been pitched something and couldn't tell whether it was right for you, this is the conversation that clears it up.

What we get into:
• Term vs. permanent, and how to actually decide
• Why ratings vary so much between carriers
• The mechanics of IUL and where it gets oversold
• Reading a policy illustration without getting fooled
• Captive vs. non-captive agents, and why it matters to you
• Estate liquidity and irrevocable life insurance trusts
• Buy-sell, key person, and executive retention strategies
• Premium financing and why people end up in the wrong policy
• Long-term care funding options
• How your health history affects underwriting

What you can do this week:
• Calculate your real coverage need using income multiples and debt
• Compare term and permanent against your actual goals
• Ask for multiple quotes from different carriers before you sign anything

Not sure where you stand? Book a free strategy call and we'll walk through it together — no pitch, no pressure.

👉 https://calendly.com/jeungagency/freestrategycall

JeungAgency.com

Stephen Jeung is the founder of Jeung Agency, an independent life insurance and financial services firm in Los Angeles. Licensed in all 50 states, contracted with 70+ carriers, serving teachers, public employees, first responders, and business owners.

📍 5670 Wilshire Blvd, Los Angeles, CA 90036
📞 (510) 449-2396
✉️ [email protected]

#lifeinsurance #IUL #wholelife #estateplanning #premiumfinancing #longtermcare #stephenjeung

The Financial Tool You Haven't Heard Of 🛡️📈

Most retirement conversations focus on 401(k)s and IRAs, but there is a powerful alternative that many independent advisors consider a "secret weapon" for wealth building: Indexed Universal Life (IUL).

Imagine a vehicle that offers:

• 
  

  Zero Market Risk: A built-in 0% floor means if the market crashes 25%, your account stays at 0%—you never lose a dollar to market performance.

  
  

• 
  

  Tax-Free Everything: Enjoy tax-deferred growth, tax-free retirement income through policy loans, and an income tax-free death benefit for your heirs.

  
  

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  Living Benefits: Access your death benefit early if you are diagnosed with a chronic, critical, or terminal illness—providing built-in long-term care style protection.

  
  

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  No Contribution Limits: Unlike an IRA or 401(k), there are no IRS-mandated caps on how much you can fund your IUL (within MEC guidelines).

  
  

Whether you are a high-earner looking for more tax-advantaged buckets or a parent planning for college costs without affecting financial aid, a properly designed IUL can change your financial trajectory.

At Jeung Agency, we specialize in engineering these policies to maximize your cash value and secure your legacy.

Ready to see the numbers for your specific situation?

👉 Visit JeungAgency.com to schedule your complimentary consultation today!

#JeungAgency #IUL #IndexedUniversalLife #RetirementPlanning #TaxFreeIncome #WealthManagement #FinancialFreedom #LifeInsurance #AssetProtection #LivingBenefits #FinancialAdvisor #401kRollover #Annuities #재정상담 #은퇴계획 #생명보험 #자산관리

+2+1

Whether you’re navigating a career change or tightening up your retirement strategy, this episode of The Stephen Jeung Show dives into the critical decisions that define your financial future. We’re pulling back the curtain on how to transition your assets without losing a fortune to Uncle Sam and how to build an income floor that never washes away.

In this episode, we break down:

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  The 401(k) Crossroads: Exploring your four primary options when leaving an employer, from the flexibility of an IRA rollover to the specific "Rule of 55" that allows penalty-free access for early retirees.

  
  

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  The 4% Rule vs. Reality: Why traditional withdrawal strategies are "guesses" and how sequence of returns risk can permanently impair a market-dependent portfolio.

  
  

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  "Zero is Your Hero": A deep dive into Fixed Indexed Annuities (FIAs) and how they provide a 0% floor to protect your principal during market crashes like 2008 or 2022.

  
  

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  The Private Pension Advantage: How modern income riders can target 6–7% in guaranteed lifetime income, providing a foundation that brokerage accounts simply can't match.

  
  

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  Tax-Smart Moves: Breaking down complex strategies like Net Unrealized Appreciation (NUA) for company stock and the "Mega Backdoor Roth" for after-tax contributions.

  
  

Stop gambling with your "must-have" money. Learn how to bridge the gap between market-linked growth and the contractual certainty you need for a stress-free retirement.

Watch/Listen now to secure your retirement foundation! 🎧📉

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