401(k) plans are employer-sponsored plans, meaning only an employer (including self-employed people) can establish one. If you don't have your own organization (business or nonprofit) and you don't have a job, you may want to evaluate contributing to an IRA instead.
You can open your IRA at most banks, credit unions, online brokers, or other financial services providers. Fees may be associated with managing your IRA no matter who you use!
Many insurance companies offer annuities, and you can contact them to learn more about their options and customize an annuity that makes the most sense for your needs. Your State may require a licensed life insurance agent be involved, which is compensated by commission!
To open an indexed universal life policy (IUL), you will need a licensed life insurance professional to create a projection illustration for you. This illustration shows projections of what your IUL account can grow to become in the future.
If you want to embark on creating a will or living trust for your estate plan, it would be best to partner with a lawyer. An estate planning attorney can help you establish a will or living trust, including choosing a knowledgeable trustee. Probate attorneys can also assist in drafting legal estate plans!
Licensed Funeral Director & Embalmer
Licensed Producer in Life, Health, Medicare Supplement / Long-Term Care Insurance, and Final Expense Planning
(336) 701-3069 • chrism.cordell@gmail.com
