IRA'S
The type of income one must have to open an IRA.
What is earned income?
This type of workshop is great way to create value and develop relationships with business owners to discuss 401K plans.
What is a How Money Works or Financial Wellness Workshop?
The number that all retirement planning is centered around.
What is the Financial Independence Number?
This is why we like Roth IRA's.
What is tax free money?
The recipients and formula of company stock in an RVP promotion.
Who is the RVP, regional to be promoted and $15,000 x QBI?
The portion of a Roth IRA that is accessible without taxes or penalty.
What is the Principle or Contribution?
This type of retirement plan is designed for small businesses or self-employed individuals and allows for tax-deductible contributions, similar to a traditional IRA.
What is a Simplified Employee Pension (SEP)?
What are debt, retirement and insurance?
These are three solutions Primerican's can get paid on on before they're licensed.
What are PLPP(Legal), A&H Insurance & Vivent Smart Home Security?
Name the three levels of Primerica Ownership.
What is $50,000, $100,000 and $300,000?
These are the contribution limits for IRA's in 2024 below and above age 50.
What are $7,000 and $8,000?
Name 3 of the 5 Business Retirement Plans offered through Primerica.
What are Simple IRA's, SEP IRA's, 401k's, Solo(k)'s and Payroll Deduction Plans?
These are the three types of accounts families should work towards.
What is emergency, short term & long term?
These are Primerica's Annuity Partners.
Who are Lincoln, Bright House, Equitable & Corebridge?
What 3 types of account/product can not be placed in a trust?
What are Retirement assets (401K, 403b, IRA's, etc.), UTMA/UGMA's or Life Insurance Policies?
The age at which you can start taking penalty-free withdrawals from your IRA.
What is age 59 1/2?
The term for the event when an employee becomes entitled to the employer's contributions to a retirement plan, typically based on years of service.
What is vesting?
These are the three phases of the financial journey. (Daily Double)
What are grow/accumulate, protect/preservation & spending?
The best one hour of weekly securities education on Thursdays at 11 a.m. CST. (Daily Double)
What is the MPI call?
Name three tax aware strategies outside of tax advantaged accounts.
What are Long Term Capital Gains, Municipal bonds, MLP's & Tax Loss Harvesting.
The final opportunity to make contributions for a tax year.
What is the tax deadline of the following year?
Allows you to rollover up to $46,500 from a traditional 401(K) to a Roth IRA or Roth 401(K) without taxes or penalties.
What is a Mega Backdoor Roth?
There are many ways to protect assets as clients transition into the protection phase of their financial journey. Name 2.
What are adding more bonds, adding principle protection, adding income guarantees and adding buffers?
The company, century, city and reasoning for the first stock market.
What is the Dutch East India Company in Amsterdam in the 17th Century to raise capital for voyages to be competitive in the spice and slave trade?
These are 5 Important ages after age 58 and why. (RVP Daily Double)
What are 59.5 for In-Service distributions, 62 for early Social Security, 65 for Medicare, 67 for most full Social Security Age and 70 for maximum Social Security Benefit?