TheRetirementPathRoadmap projects the future growth of a client’s tax qualified plan assets assuming some rate of return, current plan balance and probable additional client contributions and company match. The Roadmap then calculates what the taxable distributions would be over a 20 year active retirement along with the projected tax liabilities.
Let’s look at a 45 year old with a 401k/profit sharing plan as follows:
- current balance is $ 200,000
- he along with the company are contributing $ 49,000 per year
- his assumption is that he can earn 6.3% on 401k assets
- he plans on taking 401k plan distributions from age 66 thru and including age 85
Now most everyone has some form of a tax qualified plan. So this sales opportunity that exists for every one of your current clients and your future ones is funding an IUL policy to pay the projected tax liabilities on tax qualified plan distributions!
In most cases, this will generate 2 weekly sales opportunities for you! Then it will generate loads of referrals since clients will be impressed with the Roadmap and the retirement planning services you can provide. Call us at 949.544.2500 to learn more about TheSolomonSchool!