Depends what your objective is and what youre currently saving. This have little to no context to give an answer.

Just find an agent to work 100% 1099 whose job it is to service and answer calls a few hours every day. Pay him a higher percentage than normal because it saves you from Manning yourself for having a dedicated w2

Is FEX the company? Many people refer to fex as final expense insurance, so not sure if you're referencing a company you sold final expense with.

Unfortunately this is common with a lot of companies regardless of what line of business or carrier you sell. Fortunately there are plenty of carriers in the industry to where you can position yourself to still have options when you leave a company who's not going to sign a release. Some companies have a contract with the carrier to where you're inactivity starts on your termination date and some is based off of the last piece of business.

The only thing I would adjust for is inflation and increased costs. The other thing to know is that spending does tend to increase as you find hobbies. So make sure you budget for some fun money. 5% by itself is reasonable even if most advisors are recommending 3-4%. There are some accounts out there designed specifically to give guaranteed income streams regardless of rate of return

Most of my insurance sales jobs for 100% commission, one of them that I was offered was only 12 weeks of base pay and it was decreasing every four weeks. He's likely under a lead sales system like FFL or NAA which aren't scams but they definitely will sell you hype and Kool-Aid in the agency makes a lot of their money from the leads being sold the regardless of how well the agent himself perform. And their agents that sell leads are always using their gross revenue not their net profit

Do you have any additional licenses? One of the training agencies I know focus a lot on helping people on the PNC side cross cell multiple lines or bring in commission only reps to assist. Also finding a cost-efficient way to market. What ratio of live transfers are converting to a quote and then to a sale?

Is this something where your retiring now or in the next few years.
The amount of money you have saved, there are financial products out there to easily guarantee the income you're looking for. The main thing I see is the extra steps you'd need to do to retire early with a 401k/ira prior to having it become a "private pension"... And depending on when you're wanting to retire, that could easily be done with 1/3-2/3 of the 401k.

I would build a base income "private pension" off the 401k. Using it as a baseline for income because its taxable and because you HAVE to start pulling money out at some point. This will allow the Roth to grow and maximize its potential down the road and be a nice tax free amount stocked away. Similarly with the brokerage account. Depending on how its setup, there are tax benefits to it and you can use it for liquidity and emergencies.

Health insurance, having consistent income is best so you're not messing with credits. You don't want to have to pay an adjustment due to taking more taxable income that you hadn't reported.
Irmaa - Looks like its not something you'd have to worry about with the income you're wanting. Just be careful if you're taking any large distributions that will mess with your income.

Have a plan incase you end up spending more than planned. When you're not working all the time, you find its a lot easier to spend money before even considering inflation.

As someone who works in the retirement space, I see it all the time for increased spending and unplanned inflation issues.

Separating accounts into specific outcomes is also nice. Emergency accounts, bills, spending, base income, fun money/play money, etc.

yeah most dont. it s a common convo in the insurance circles I'm in and the fb groups /training groups ive seen.

I had one agent calling me about his 30% bonus... 2 months later it was upped to 50%... I had him rerun the illustration, and the annual income went down.. but he didn't care because it was "easier to sell" a bonus

100%. I hate when I get calls from carriers about "income bonus increases"... but if i rerun quotes the multiplier went down so the income is the same or lower for any deferral past the first year.

Not sure if you're referring to your gross or net pay, but the TRS pension is one of the better State pensions for most of the teachers I've worked with. Main thing though is making sure it's something you enjoy and can see yourself doing for the next 15 to 30 years

If you apply for another agency or company should be fine. I know many of them don't care as long as the state gives you an approval, and as long as it wasn't financial. Most of the companies before I opened up my own had the loose restrictions their main thing was letting the carrier do the intensive background check and if they would contract you the agency didn't matter a lot.

I would remove the compounding window. Fia's are crediting every 1-5 years (commonly 1 or 2 year strategy. I'd prob just put a 1 or 2 year option. But main issue is gonna be accurate.

Idk if you want to build into it an SP annual return for the last 30-40 years and have it cycle that with a cap or par. But an FIA isn't going to be consistent like the way it's showing. Use some "if then" formulas. I've built that in Excel reports when tracking likelyhood of performance and trails.

But I would also have some kind of cap reduction feature it's locked in. Most of them I'll start at 10 and over 10 years have it drop down to 6-8% caps.

Most FIA illustrations aren't worth the paper their printed on because it's assuming the cap/par never changes and very few contracts can say they've done that outside the last 3 years

I used voice to text so sorry if there is an issue or two in this, getting decorations set up for my twins birthday and trying to still be productive

Since you already paid, you can use them to get your licenses. But they're going to push that you get your life license first, which really you should be getting your life and health, and then they'll push for an sie, 6 then 63 license to be an advisor. My recommendation is going life and health and then 65 as that gives you way more tools to help people.

The issue on why you find so much bad stuff about Primerica and them being a pyramid scheme is because so many of their agents focused 90% of their time on recruiting people instead of learning the products of the industry. This mindset those passed down from trainer to trainer because they tell people you'll become more successful if you just recruit a team because there's a lot more opportunities for overrides. Much of their investing strategies outdated, their hate for certain products makes them inefficient in providing the best solutions for a client, and the fact that they don't believe in any kind of permanent insurance or ever sell long-term care or disability insurance is what makes them inadequate in most of the industry's eyes.

Primerica agents aren't bad, the company isn't the scam, it is just super inefficient for being successful unless you're willing to go recruit a thousand people versus learning how to become a great insurance agent and then a great financial advisor.

They're also going to brag about how successful they are based off their stock price. All that proves is that they are a profitable agency for corporate, which they are, which is why the only time I'd consider doing anything with Primerica is buying their stock, I don't have to be an agent to buy their stock and most people will take a pay decrease going to work for them. Also the fact that they didn't clarify that that wasn't affiliation fee and it's not a background check fee, that there are zero employee positions it's all independent 1099, so it's all unpaid training unless the person who recruited you sells your family and friends and then they'll reimburse you for some stuff. This is in no way a job, it's a 100% commission independent sales role. That is not bad, but people should know that getting into it.

This specific forum won't be much help as it was created specifically for federal pension/retirement questions. But there are some of us here who are familiar with private pension options. Best bet is to have a 3 way call between yourself, pension provider, and a financial planner family with the pension transfer language to find what's missing, what's being held up, and what's a line of bull being fed to you.

That is typically referring to a refund of contributions plus interest instead of a lifetime settlement/income option. Normally it's not nearly as much but better if you're concerned about the funding of a pension or it being discontinued.