Today marks the start of a movement, the Roth IRA Movement to be exact. Created by Jeff Rose, the movement seeks to educate people (in particular young adults) about the benefits of saving for retirement early and taking advantage of financial tools, such as the Roth IRA.
Rose, a certified financial planner and CEO of Alliance Wealth Management, recently visited his alma mater to speak with soon-to-be college graduates about financial planning.
Standing before a crowd of over 50 attendees, he asked if they had ever heard of a Roth IRA. Not a single person raised his hand.
“I was absolutely blown away,” Rose explained. “I’ve spoken to college students before and asked this same question, and each time a few people have come forward.”
He immediately headed to his Twitter page to voice his frustration: “What’s wrong with this picture? I polled 50 soon to be graduating college seniors if they knew what a Roth IRA was. The result: ZERO.” - Wholesaleinsurance.net Joins Jeff Rose’s Roth IRA Movement
What is a Roth IRA?
You can do what I did and visit www.irs.gov where you will find the explanation: “A Roth IRA is an IRA that, except as explained below, is subject to the rules that apply to a traditional IRA.” This was followed by a bullet list that was just as unhelpful.
Roth IRAs differ from traditional IRAs in that you pay taxes on your contributions NOW, instead of later in life when you withdraw funds, and you can continue contributing past the age of 70.
Why is this beneficial?
It is assumed that, as a young adult, you are probably just starting out in life, starting your career, and not bringing in that hefty paycheck (just yet). Therefore, you’re in a lower tax-bracket. The taxes you pay on your contributions today will be a lot lower than the taxes you’ll pay when you’re older and possibly in a higher tax-bracket.
Invest now. Pay lower taxes now.
Pay less taxes on your retirement contributions = more of an investment in your pocket.
I suspect when a company receives correspondence from a customer or prospective customer it is often to highlight a complaint with the services or products your company provides.
I’m pleased to let you know that this letter to you is exactly the opposite.
I recently had the pleasure of working with your Insurance Advisor Justin Mack and cannot recall a better customer service experience.
Justin worked with me to understand the somewhat unique requirements I had in establishing a life insurance policy. He listened to my needs, quickly guiding me through the options available with the pro’s and con’s of each and selecting the best provider option.
He then helped me through the application process of the selected provider. Due to an incompatibility between my computer’s internet browser and the provider’s system, he initiated multiple calls to the service provider and follow up with me as appropriate until we were able to identify and work through the incompatibility and complete the application process.
In my opinion, he went well beyond the level of service and support I would have expected.
There is a term I’ve used with my employees to capture what I saw in Justin. He was focused on “delighting the customer”, me.
I believe you have a valued member of your team in Justin. If he is representative of your entire team, you clearly have a winning team.
Wholesaleinsurance.net is now offering electronic signatures on life insurance applications. What does this mean for our customers? An quick and easy application process and application turn-around time. You’ll get your term life insurance policy faster!
The average total process time for a life insurance application is about 4-6 weeks, (instant and simplified issue policies, however, can be purchased within a few days or even hours). The application process can vary depending on your policy, carrier, and health-care provider. For example, companies that use a standard paper application will take about a week longer to process than ones that use an E-Sign process.
Wholesaleinsurance.net carriers, such as: MetLife, Transamerica, Mutual of Omaha, ING, Genworth, SBLI, and American General, now provide e-sign through DocuSign, the global standard for electronic signature.
The radio segment, entitled “Insurance Matters,” focused on disability insurance. What it is, what it is not, and the important roll in plays in protecting one’s income and family.
The Mark Montgomery Show airs 7-9 AM weekdays in Sacramento on 105.5, Sacramento Small Business Talk Radio.
Listen to the segment:
About Ryan Pinney:
Ryan Pinney is a recognized expert in his field, with numerous articles, interviews, and speaking engagements to his credit. He is an active member of the National Association of Insurance and Financial Advisors (NAIFA) and a qualifying member of the Million Dollar Round Table (MDRT) “Top of the Table” and The International Forum – pinnacles of the financial services industry.
About Pinney Insurance Center:
Pinney Insurance Center, based in Roseville, California, is a leading provider of products, tools and services that focus on the life insurance and financial services markets. Pinney Insurance through their Pinney Platform Solutions models offer financial professional’s results orientated tools and services that bridge the gaps keeping organizations and individuals from effectively and efficiently offering insurance products.
“I am just learning about fixed annuities. I was wondering if it is right for me and what fees and limitations exist. For example, I heard that a percentage is charged for fee as well as setting a cap on interest rates of investments. Not sure that makes sense, but I am sure whoever reads this understands my question. Also, I am interested in both pre tax and tax deferred options. Thanks.”
NewswireToday – /newswire/ – Roseville, CA, United States, 03/09/2011 – Brokerage Director, Ryan Pinney from Pinney Insurance Center, Inc., is the new President-Elect of National Association of Insurance and Financial Advisors, Northern California Chapter.
Brokerage Director, Ryan Pinney, from Pinney Insurance Center, Inc., a leading provider of life insurance products, tools, and services, has accepted the role of as the new President-Elect of the National Association of Insurance and Financial Advisors – Northern California Chapter, effective July 1, 2011.
NAIFA comprises more than 700 state and local associations representing the interests of 200,000 members and their associates nationwide. The organization protects and promotes the critical role of insurance in a sound financial plan and the essential role provided by our professional agents and advisors.
Ryan Pinney’s expertise and industry knowledge made him a great candidate for the President-Elect role. He has been an active member of NAIFA, is a qualifying member of the Million-Dollar Round Table (MDRT) “Top of the Table” and The International Forum – pinnacles of the financial services industry, and serves on the advisory board for wholesaleinsurance.net/.
Pinney is a resident of Roseville, CA, and is a recognized expert in his field, with numerous articles, interviews, and speaking engagements to his credit.
About Pinney Insurance Center
Pinney Insurance Center (pinneyinsurance.com), based in Roseville, California, is a leading provider of products, tools and services that focus on the life insurance and financial services markets. Pinney Insurance through their Pinney Platform Solutions models offer financial professional’s results orientated tools and services that bridge the gaps keeping organizations and individuals from effectively and efficiently offering insurance products.
WEST DES MOINES, Iowa–(BUSINESS WIRE)– FBL Financial Group, Inc. (NYSE: FFG) today announced that Standard & Poor’s Ratings Services has assigned ‘A-’ financial strength ratings to its subsidiaries Farm Bureau Life Insurance Company and EquiTrust Life Insurance Company. At the same time, Standard & Poor’s assigned a BBB- counterparty credit rating to FBL Financial Group, Inc. The outlooks are Stable.
“The ratings provided by Standard & Poor’s are another form of external validation of our financial strength and the continued progress we have made as an organization,” saidJames E. Hohmann, FBL’s Chief Executive Officer.
What is a Roth IRA?
Ryan Pinney, from Pinny Insurance Center, was featured on 