The Stephen Jeung Show

Stephen Jeung

Stephen Jeung is not only the host of the enlightening show but also the visionary founder and CEO of Jeung Agency. With a passion for finance, investing, and planning for the future, Stephen established the agency to provide expert financial guidance, life insurance solutions, and retirement planning services to individuals seeking a secure and prosperous future. Through his show and agency, Stephen Jeung continues to empower people with valuable knowledge and practical tips, shaping a brighter path for their financial and personal endeavors.

  1. 19h ago

    Annuity Truth Explained: Fixed vs Variable vs Index Annuities | Erica Sellers

    Stephen Jeung, founder and CEO of Jeung Agency, sits down with annuity expert Erica Sellers of Cavalier Associates (26+ years in the business) to explain how annuities actually work — beyond the sales pitch. They break down the three core types of annuities, how bonuses and caps work, why an annuity is the only product that can guarantee income for life, and the biggest mistakes people make when buying — or ignoring — one. Timestamps0:00 Welcome: Why Annuities Are So Misunderstood0:52 Meet Erica Sellers, Annuity Expert at Cavalier Associates1:12 Erica's 26+ Years in the Annuity Business3:13 Biggest Mistakes People Make Approaching Retirement5:12 What Exactly Is an Annuity?7:39 3 Types of Annuities: Fixed, Variable & Index (FIA)11:01 Real Example: Turning $100K Into Guaranteed Lifetime Income12:59 Why Annuities Get a Bad Rap14:32 Annuity Bonuses Explained (a $170K Example)16:52 Liquidity and How Annuities Have Evolved19:13 Case Study: Turning $1.2M Into a Full Retirement Plan21:16 Should You Replace an Old Annuity?24:58 Rapid Fire: Biggest Annuity Myths & Mistakes29:35 Free Annuity Review + Final ThoughtsKey Takeaways• Annuities are insurance products, not investments. The three core types are fixed (a CD alternative with a guaranteed rate), variable (market sub-accounts — full upside, full downside), and fixed index annuities (FIA), which credit gains tied to an index like the S&P 500 while protecting principal from market losses.• A fixed index annuity works like a CD "with training wheels": if the index is down, your credited return that year is 0%; if it's up, you're credited gains up to a cap (e.g., market +10%, 9% cap = you keep 9%).• Example from the episode: a 55-year-old placing $100,000 into an income annuity today could lock in roughly $1,400/month for life starting at 65 — or about $2,200/month for life by waiting until 72.• Bonuses (sometimes 15-17%+) can offset losses from a prior contract and start compounding tax-deferred on day one, though they usually come with a slightly lower cap.• Old annuities and orphaned 401(k)s deserve a review every 4-5 years, just like refinancing a mortgage — rates, riders, and bonuses change constantly.• The two biggest annuity myths: that they're all expensive (fixed and FIA annuities carry no advisor fees, unlike the 2-3% commonly layered into mutual funds) and that your money is locked away forever.Want a free review of your annuity, 401(k) rollover, or retirement income plan? Schedule a call at JeungAgency.com — link in bio.Let's take this relationship further and be friends on social:►Connect with Stephenhttps://linktr.ee/stephenjeungInstagram: https://www.instagram.com/stephenjeungTiktok https://www.tiktok.com/@stephenjeungFacebook: https://www.facebook.com/stephenjeungTwitter https://mobile.twitter.com/stephen_jeungLinkedin https://www.linkedin.com/in/stephen-jeung-2017a623Snap https://t.snapchat.com/Wcnxzd48Checkout my other Channelyoutube.com/@jeungagency►Jeung Agency | Life Insurance | Retirement Planning | Wealth Management | Health Insurance | Group Health and Retirementhttps://www.jeungagency.com►Financial Planning (401k, Roth IRA, IRA Rollover, Fixed Index Annuity) Free Consultationhttps://calendly.com/jeungagency/financial-planning-meeting►Life Insurance (IUL, Term, Return of Term, Final Expense, Whole Life, Mortgage Protection) Free Consultationhttps://calendly.com/jeungagency/lifeinsurancemeeting►Jeung Agency | Life Insurance | Retirement Planning | Wealth Management | Health Insurance | Group Health and Retirementhttps://calendly.com/jeungagency/businessretirement

  2. Oct 25

    Why Most Insurance Agents Don't Know About Annexus IUL | David Beas

    Stephen Jeung, founder and CEO of Jeung Agency, sits down with David Beas to explain Annexus — a specialized product manufacturer that partners with a limited number of insurance carriers (Nationwide, North American, Securian, and John Hancock) to build enhanced indexed universal life (IUL) products most agents have never heard of because access is intentionally limited. Key Takeaways Annexus builds specialized IUL products through a limited-distribution model with select carriers, so many agents simply don't have access.Nationwide, North American, and Securian are primarily accumulation-focused; John Hancock is more protection-oriented, including survivorship and estate planning.North American's Secure Horizon IUL includes accumulation potential, living benefits, income features, and a Social Security-related trigger.Underwriting is handled separately by each carrier, so carrier selection matters when a client has specific health considerations.Securian is the modern brand for Minnesota Life; North American is an employee-owned (ESOP) company.FAQ Q: What is Annexus? A: Annexus is a product manufacturer that partners with a limited number of insurance carriers to design specialized indexed universal life products not widely available through every agent. Q: What is North American's Secure Horizon IUL? A: It's an indexed universal life product offering accumulation potential, living benefits, income features, and a Social Security-related trigger. About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states and contracted with 70+ carriers, specializing in retirement income planning and indexed universal life for teachers, public employees, first responders, and business owners. Keywords: Annexus IUL, indexed universal life, North American Secure Horizon IUL, John Hancock IUL, Securian Minnesota Life, limited distribution life insurance, accumulation IUL, protection IUL, Jeung Agency, Stephen Jeung, David Beas JeungAgency.com Book a free consult: https://calendly.com/jeungagency/financial-planning

  3. Oct 18

    Why Old 401(k)s Quietly Drain Your Retirement | Rollover Guide with Stephen Jeung

    Stephen Jeung, founder of Jeung Agency, explains why old 401(k)s, 403(b)s, 457s, and TSPs can quietly rack up fees for years after you leave an employer — and walks through how a rollover works and when a fixed index annuity or indexed universal life (IUL) policy may be a better fit for retirement dollars. Key Takeaways Forgotten workplace accounts keep charging advisory fees, fund expense ratios, and platform fees even when no one is managing them.A rollover is a tax-free, institution-to-institution transfer when done correctly.Fixed index annuities offer a "zero floor" with market-linked crediting, caps, and enrollment bonuses on qualified funds.IUL policies add a death benefit and tax-advantaged access through policy loans.FAQ Q: Can I roll over an old 401(k) without triggering taxes? A: Yes — a direct institution-to-institution rollover avoids taxes and penalties when done correctly. About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning for teachers, public employees, first responders, and business owners. Keywords: old 401k rollover, 403b rollover, 457 plan rollover, TSP rollover, fixed index annuity, indexed universal life, IUL, retirement account fees, Jeung Agency, Stephen Jeung JeungAgency.com Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

  4. Oct 11

    MYGA Explained: Multi-Year Guaranteed Annuities for Retirement Cash | Stephen Jeung

    Stephen Jeung, founder and CEO of Jeung Agency, explains what a multi-year guaranteed annuity (MYGA) is and why it can make sense for retirement cash, home-sale proceeds, inheritance money, or maturing CDs sitting in a low-yield account. He compares MYGAs with bank CDs and high-yield savings, focusing on principal protection, locked rates, and tax-deferred growth. Key Takeaways A MYGA is a fixed-rate insurance contract that locks in a rate for a set term — often 3, 5, or 7 years — with no market exposure.Tax-deferred growth means no annual taxation on interest, unlike a bank CD.Bank CD rates are shaped to protect bank margins; shopping across A-plus rated carriers can find better locked rates.Most MYGA contracts allow limited penalty-free withdrawals (often around 10% annually), with surrender charges for early access beyond that.Example: a client moved $200,000 from a money market account into a MYGA to match their decision timeline after selling an investment property.FAQ Q: What is a MYGA (multi-year guaranteed annuity)? A: A MYGA is a fixed-rate annuity contract issued by an insurance company that locks in a guaranteed interest rate for a set term, offering principal protection and tax-deferred growth. Q: Is a MYGA better than a bank CD? A: A MYGA can offer a higher locked rate and tax-deferred growth compared to a CD, though it typically carries surrender charges for early withdrawals beyond the penalty-free allowance. About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning, fixed annuities, and indexed universal life for teachers, public employees, first responders, and business owners. Keywords: MYGA, multi-year guaranteed annuity, fixed annuity, annuity vs CD, tax deferred annuity, retirement cash planning, principal protection annuity, A-plus rated annuity carriers, Jeung Agency, Stephen Jeung JeungAgency.com Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

  5. Oct 4

    Why First Responders Need to Run the Real Retirement Numbers | Stephen Jeung

    Stephen Jeung, founder and CEO of Jeung Agency, explains why a public pension typically replaces only 50–60% of a first responder's working income — not 100% — and why that gap gets worse once healthcare and long-term care costs are factored in. He breaks down the tools firefighters, police officers, and paramedics can use to close that gap without adding new out-of-pocket costs. Key Takeaways A pension usually replaces 50–60% of income, not 100% — retirement expenses often don't fall as fast as income does.About 70% of Americans over 65 will need some form of long-term care, which Medicare does not cover.A 457 plan or supplemental retirement account can potentially be reviewed and improved.Rollover assets can sometimes be repositioned to fund LTC protection without new monthly costs.Indexed universal life (IUL) with an LTC rider and fixed indexed annuities are two tools used to help close the retirement gap.FAQ Q: How much of my income will my pension actually replace? A: Most public pensions replace roughly 50-60% of pre-retirement income — not 100% — which is why running your actual numbers matters more than assuming the pension "covers it." Q: Can I use rollover funds to help pay for long-term care? A: In some cases, qualified rollover assets can be repositioned into strategies like an IUL with an LTC rider, without creating new out-of-pocket premium costs. About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning for teachers, public employees, first responders, and business owners. Keywords: first responder retirement, pension gap, firefighter retirement planning, police pension, 457 plan, indexed universal life, IUL with long term care rider, fixed indexed annuity, long term care planning, retirement income replacement, Jeung Agency, Stephen Jeung JeungAgency.com Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

  6. Sep 27

    How to Pay for Long-Term Care in Retirement | LTC Planning with David Beas

    Stephen Jeung, founder and CEO of Jeung Agency, sits down with David Beas to explain how long-term care planning works — and how life insurance-based LTC strategies solve the "use it or lose it" problem of traditional LTC insurance. They walk through an example of repositioning $150,000 in IRA or 401(k) funds into an estimated $600,000+ in tax-free LTC benefits for a married couple. Key Takeaways Long-term care is a major blind spot in retirement planning — Medicare does not cover most custodial care.Traditional LTC insurance can lose all its value if benefits go unused; hybrid life insurance-based LTC preserves a death benefit either way.Qualified funds — IRAs, 401(k)s, 403(b)s, 457 plans — can potentially be repositioned into LTC-funding strategies.Long-term care carries three burdens: financial cost, emotional strain on caregivers, and administrative complexity.FAQ Q: Can I use my IRA or 401(k) to pay for long-term care? A: Qualified funds can potentially be repositioned into a life insurance-based LTC strategy, depending on your age, health, and account type. About Stephen Jeung: Founder and CEO of Jeung Agency, an independent life insurance and financial services firm in Los Angeles, licensed in all 50 states, specializing in retirement income planning, IUL, fixed annuities, and long-term care strategies for teachers, public employees, first responders, and business owners. Keywords: long-term care planning, LTC insurance, hybrid LTC insurance, life insurance long term care rider, use it or lose it LTC, IRA to long term care, 401k long term care, retirement planning, silver tsunami, indexed universal life, Jeung Agency, Stephen Jeung, David Beas JeungAgency.com Book a free consult: https://calendly.com/jeungagency/financial-planning-meeting

  7. Sep 14

    Life Insurance Explained: Term vs. Permanent, Cash Value & Estate Planning | Stephen Jeung

    Life Insurance Explained: Term vs. Permanent, Cash Value & Estate Planning | Stephen Jeung Wondering how much life insurance you actually need, whether term or permanent coverage fits your situation, or how cash value policies really work? Stephen Jeung answers the life insurance questions clients ask most — from coverage amounts and workplace benefits to underwriting, estate planning, and wealth transfer. This video covers term life insurance, permanent life insurance, policy conversions, living benefits, cash value access, medical exams, and premium payments — everything you need to make an informed decision before you buy or convert a policy. 📅 Book on this link here → https://calendly.com/jeungagency/lifeinsurancemeeting 🌐 JeungAgency.com Chapters 0:00 Introduction 0:17 How much life insurance do you need? 0:56 Term vs. permanent life insurance 2:03 When to convert term life insurance 2:27 Tax advantages of permanent life insurance 3:00 Using cash value while you're alive 3:27 Is employer-provided life insurance enough? 3:47 Underwriting and medical exams 4:36 What happens if you stop premium payments? 4:58 Estate planning and wealth transfer 5:22 Final thoughts and next steps Keywords: life insurance, term life insurance, permanent life insurance, cash value life insurance, indexed universal life insurance, term vs permanent life insurance, life insurance underwriting, living benefits, estate planning, wealth transfer, how much life insurance do I need, Los Angeles life insurance advisor #LifeInsurance #TermLife #PermanentLifeInsurance #CashValueLifeInsurance #EstatePlanning #WealthTransfer #stephenjeung ————————————— 생명보험 완벽 가이드: 정기보험 vs 종신보험, 현금가치, 상속 계획 | Stephen Jeung 생명보험이 얼마나 필요한지, 정기보험과 종신보험 중 어떤 것이 나에게 맞는지, 현금가치 보험이 실제로 어떻게 작동하는지 궁금하셨나요? Stephen Jeung이 고객들이 가장 많이 묻는 생명보험 관련 질문에 답합니다 — 필요 보장 금액과 회사 제공 보험부터 심사, 상속 계획, 자산 이전까지 다룹니다. 이번 영상에서는 정기보험, 종신보험, 보험 전환, 리빙 베네핏, 현금가치 인출, 건강검진, 보험료 납입까지 — 보험을 가입하거나 전환하기 전에 알아야 할 모든 것을 다룹니다. 📅 아래 링크에서 상담 예약하기 → https://calendly.com/jeungagency/lifeinsurancemeeting 🌐 JeungAgency.com 챕터 0:00 소개 0:17 생명보험은 얼마나 필요할까요? 0:56 정기보험 대 종신보험 2:03 정기보험을 언제 전환해야 할까요 2:27 종신보험의 세금 혜택 3:00 살아있는 동안 현금가치 활용하기 3:27 회사에서 제공하는 생명보험만으로 충분할까요? 3:47 심사와 건강검진 4:36 보험료 납입을 중단하면 어떻게 될까요? 4:58 상속 계획과 자산 이전 5:22 마무리 및 다음 단계 키워드: 생명보험, 정기보험, 종신보험, 현금가치보험, 유니버설종신보험, 정기보험 대 종신보험, 생명보험 심사, 리빙 베네핏, 상속 계획, 자산 이전, LA 생명보험 상담사 #생명보험 #정기보험 #종신보험 #상속계획 #자산이전 #stephenjeung

  8. Sep 13

    Why Most Retirement Plans Ignore Taxes, Inflation & Long-Term Care | Stephen Jeung

    Why Most Retirement Plans Ignore Taxes, Inflation & Long-Term Care | Stephen Jeung Stephen Jeung, a financial planner with nearly 30 years of experience, breaks down the retirement income strategies most plans miss — the ones that actually protect your money from taxes, inflation, and long-term care costs. Retirement mistakes get expensive fast, and this episode gives you a practical roadmap for structuring your savings before you retire. Stephen explains why starting early matters, why tax diversification is critical, and how to think about pre-tax, Roth, and taxable accounts together instead of as separate buckets. You'll discover: Why automated contributions and dollar-cost averaging smooth out market volatility How Roth conversions and tax-aware withdrawal planning reduce future tax pain When fixed index annuities make sense for people who want upside without giving up capital protection Why long-term care is one of the biggest blind spots in retirement planning How hybrid long-term care solutions protect both your care needs and your family's legacy Stephen also covers planning around inflation, Social Security uncertainty, Medicare gaps, and why many retirees risk outliving their money without an adjusted strategy — plus the case for working with an advisor who's seen multiple market cycles, not just this one. Essential listening if you want a smarter, more resilient retirement plan and want to know what seasoned advisors are thinking about before it's too late. 📅 Book on this link here → https://calendly.com/jeungagency/freestrategycall 🌐 JeungAgency.com Timestamps: 0:00 — Introduction to Retirement Planning 0:11 — Maximizing Retirement Contributions 0:33 — Tax-Efficient Retirement Strategy 0:57 — Investment Strategies for Retirement 1:23 — Annual Portfolio Review 2:12 — Healthcare and Long-Term Care 3:21 — Retirement Budget and Inflation 3:53 — Tax-Efficient Withdrawals 4:14 — Choosing the Right Advisor Keywords: retirement planning, retirement income planning, tax-efficient retirement, Roth conversion strategy, fixed index annuity, long-term care planning, hybrid long-term care insurance, inflation and retirement, Social Security planning, Medicare gaps, tax diversification, 401k 403b rollover, Los Angeles financial planner #RetirementPlanning #TaxPlanning #LongTermCare #FixedIndexAnnuity #stephenjeung ————————————— 은퇴 계획이 세금, 인플레이션, 장기요양을 놓치는 이유 | Stephen Jeung 30년 가까운 경력을 가진 재정 설계사 Stephen Jeung(스티븐 정)이 대부분의 은퇴 계획이 놓치고 있는 핵심 전략을 알려드립니다 — 세금, 인플레이션, 장기요양 비용으로부터 자산을 실제로 지켜주는 전략입니다. 은퇴 관련 실수는 생각보다 빠르게 큰 비용으로 이어지며, 이번 영상은 은퇴 전 저축을 어떻게 구조화해야 하는지에 대한 실질적인 로드맵을 제공합니다. Stephen은 왜 일찍 시작하는 것이 중요한지, 왜 세금 다각화가 필수적인지, 그리고 세전(Pre-tax), 로스(Roth), 과세 계좌를 별개로 보지 않고 하나의 전략으로 함께 고려해야 하는 이유를 설명합니다. 이 영상에서 배울 수 있는 것: 자동 납입과 정액분할투자(Dollar-Cost Averaging)가 시장 변동성을 어떻게 완화하는지 로스 전환(Roth Conversion)과 세금을 고려한 인출 전략이 미래의 세금 부담을 어떻게 줄이는지 원금은 보호하면서 상승 수익도 원하는 분들에게 고정지수연금(Fixed Index Annuity)이 언제 적합한지 장기요양(Long-Term Care)이 왜 은퇴 계획에서 가장 큰 사각지대인지 하이브리드 장기요양보험이 본인의 요양 필요와 가족의 자산을 동시에 어떻게 보호할 수 있는지 Stephen은 또한 인플레이션, 소셜시큐리티(Social Security)의 불확실성, 메디케어(Medicare)의 공백, 그리고 전략을 조정하지 않으면 많은 은퇴자들이 자산보다 오래 살게 될 위험에 대해서도 다룹니다. 그리고 단순히 지금의 시장 사이클만이 아니라 여러 번의 시장 사이클을 겪어본 재정 상담사와 함께 계획하는 것이 왜 중요한지도 강조합니다. 더 스마트하고 탄탄한 은퇴 계획을 원하신다면, 그리고 경험 많은 재정 상담사들이 늦기 전에 어떤 고민을 하고 있는지 알고 싶으시다면 꼭 시청하세요. 📅 아래 링크에서 상담 예약하기 → https://calendly.com/jeungagency/freestrategycall 🌐 JeungAgency.com 타임스탬프: 0:00 — 은퇴 계획 소개 0:11 — 은퇴 납입금 최대화하기 0:33 — 세금 효율적인 은퇴 전략 0:57 — 은퇴를 위한 투자 전략 1:23 — 연간 포트폴리오 점검 2:12 — 건강보험과 장기요양 3:21 — 은퇴 예산과 인플레이션 3:53 — 세금 효율적인 인출 방법 4:14 — 올바른 재정 상담사 선택하기 키워드: 은퇴 계획, 은퇴 소득 전략, 세금 효율적 은퇴, 로스 전환, 고정지수연금, 장기요양보험, 하이브리드 장기요양보험, 은퇴 세금 전략, 인플레이션과 은퇴, 소셜시큐리티, 메디케어, 401k 롤오버, LA 재정 상담사 #은퇴계획 #노후준비 #재정계획 #장기요양보험 #연금 #세금계획 #재정상담 #미국재테크 #은퇴전략 #stephenjeung

Ratings & Reviews

5
out of 5
3 Ratings

About

Stephen Jeung is not only the host of the enlightening show but also the visionary founder and CEO of Jeung Agency. With a passion for finance, investing, and planning for the future, Stephen established the agency to provide expert financial guidance, life insurance solutions, and retirement planning services to individuals seeking a secure and prosperous future. Through his show and agency, Stephen Jeung continues to empower people with valuable knowledge and practical tips, shaping a brighter path for their financial and personal endeavors.