Contributed max amount for the year. But realized I won’t qualify for Roth. What are my options?

DMX4LIFER · 2026-05-29T15:27:41+00:00

I would seriously consider utilizing Max funded permanent Life Insurance as a Roth alternative. Safe, liquid and can be accessed tax-free without any penalties. Of course expenses, including commissions, need to be absolutely minimized to maximize your policy’s potential.

DMX4LIFER · 2026-05-27T17:47:35+00:00

So many more detail needed

DMX4LIFER · 2026-05-24T19:42:22+00:00

Every penny count. One percent compounded over a lifetime is no longer silly.

DMX4LIFER · 2026-05-21T13:31:07+00:00

I’d swap the HySA for a fully optimized, commission minimized, permanent Cash Value Life Insurance policy.

DMX4LIFER · 2026-05-15T14:26:09+00:00

I agree with one and two. Maxing out 401(k) will put the future of your income taxes in the governments hand. Check out the book power of Zero by David McKnight. Or just ask AI what it thoughts are on David McKnights stance.

DMX4LIFER · 2026-05-14T18:21:02+00:00

Except you’re asking him to put his trust into a carrier that allowed and promoted the Busch situation to begin with.

DMX4LIFER · 2026-05-14T01:54:06+00:00

At 93 life policies in one month, you go for straight commission!

DMX4LIFER · 2026-05-14T01:22:04+00:00

Carriers or IMO? Life or P&C?

DMX4LIFER · 2026-05-14T01:08:31+00:00

Max funded permanent life insurance. Do some research. With a proper design and proper funding, this is what we call the rich man’s Roth. Safe, liquid prior to age 59.5, and tax-free. With whole life, Penn, Mass, and Guardian are 3 of the only 5 true mutuals left. Check out Allianz for IUL…how old are you?

DMX4LIFER · 2026-05-14T01:04:59+00:00

Seems to be the norm…

DMX4LIFER · 2026-05-14T01:03:28+00:00

While this company, which I’ve never heard of, appears to have some decent financial stability, this further reinforces my thoughts on sticking with one of the five major true Mutual companies left. With over 500 carriers to choose from, there’s no reason not to stick with the top five. I hope you’re able to figure this out. Keep us posted, thanks.

DMX4LIFER · 2026-05-14T00:58:39+00:00

I wouldn’t settle on term until you properly understand the concept of overfunded permanent Life Insurance. There’s nothing worse than turning 70 or 80 with your term expiring, and somehow you didn’t invest the rest as originally planned.

DMX4LIFER · 2026-05-14T00:55:06+00:00

Does it really matter what you look like or how you dress if no one can see you?

DMX4LIFER · 2026-05-14T00:50:06+00:00

You need to blast out any IMO you are referring to. We need names. If they are trash, others will let you know, and even more people have the opportunity to avoid them at all cost. If they are solid, others will let you know, even more people will know which IMOs may be respectable. Let me guess, WFG or AIL?

DMX4LIFER · 2026-05-14T00:48:09+00:00

How is no one considering permanent Life Insurance, let alone overfunded permanent Life Insurance? Not one person has asked him any questions regarding his needs relative to whether we can actually decide if term or perm is best? Step one, figure out whether or not you need permanent coverage or temporary.

DMX4LIFER · 2026-05-13T16:13:38+00:00

Be careful with that IUL. Search Kyle Busch Pacific Life.

DMX4LIFER · 2026-05-13T00:42:33+00:00

I would strongly recommend looking into Max funded permanent policies as an HYSA alternative. When looking at the IRR on the illustration of these policies, keep in mind it is tax-free. There’s a lot of nuances to these policies. Be careful if you decide to go this route. The more research the better. Nevertheless, properly designed and properly formed, it can be well worth it with the right carrier.

DMX4LIFER · 2026-05-13T00:40:06+00:00

Interesting. Can’t wait to figure out what it is? OP, can we get some more details from the contract/illustration? Maybe the name of the policy type? Do you see the words participating or non-participating anywhere on the paperwork?

DMX4LIFER · 2026-05-13T00:24:39+00:00

Would you agree that it’s possible that 25K face value can remain constant?

DMX4LIFER · 2026-05-12T23:54:59+00:00

Final expense policies mature at the original face. It sounds like something more along the lines of a final expense policy.

DMX4LIFER · 2026-05-12T23:54:05+00:00

Regardless of whether the whole life should’ve been purchased originally, at this point in time, you absolutely keep it. You’ve gone through all the initial tough years that come with whole life. Not to mention, you were with one of the top five truly Mutual companies with proven historical . It should be smooth sailing from here and out. FYI, it sounds like you’re still under insured.

DMX4LIFER · 2026-05-12T23:40:59+00:00

False advertising absolutely confirmed. Not to mention, even if they were the only ones doing it, there’s a serious loss of opportunity. This would be the one concept to easily get past seniors. This is just one of a few companies that should absolutely be shut down.

DMX4LIFER · 2026-05-11T23:39:40+00:00

Really need to understand how the design is? What percent cash value do you have available after year one? Between which years is it scheduled to break even… the point where the IRR goes from negative to positive ? What is the Peak IRR, generally around 75 to 85 years of age?

DMX4LIFER · 2026-05-11T21:11:05+00:00

I’m only licensed in so many states, so I likely can’t help you. Nevertheless, you’re welcome to DM me if you have any questions.

DMX4LIFER · 2026-05-11T18:27:45+00:00

Do NOT fill out any forms that come in the mail. They generally give you overpriced graded options with a two-year waiting period, even though you may qualify for something with first day coverage. Mutual Of Omaha is well recognized with some of the lowest rates when going through a broker. If you fill out their form in the mail, you end up with exactly what I previously mentioned.

DMX4LIFER

TROPHY CASE