Request Assistance »We specialize in qualified retirement account rollovers. We can help you with an IRA rollover as well as 403(b), 401(k), Roth IRA transfers to to safe, insured and conservative investment accounts that are not subject to market loss. If you are retiring, changing jobs, or simply looking to protect your retirement nest egg from market fluctuations, then we can help.
Deciding what to do with your qualified funds at retirement can be difficult without any guidance. If you are permanently retiring, then you may be required to rollover your IRA, 401(k) or 403(b) account to a new custodian or provider.
Considering the market turmoil over the last decade, this can be a very important decision. Many retirees wish to protect the assets they have worked long and hard to accumulate. Significant market fluctuations are less tolerable when reliable income and principal protection are most needed.
Safe And Insured IRA Retirement Accounts
We specialize in predictable, insured retirement accounts that will not lose value when the overall stock and bond markets are in decline or behaving erratically. There are several investments that will protect your retirement account while also providing steady monthly income or even guaranteed income for life if desired.
Interest gains can be locked in at a fixed rate for a desired period of years or locked in each year depending on the performance of certain fixed indexes. But at all times, your account cannot lose value due to market volatility. Principal protection, growth, and income are all assured with our most popular investment offerings.
IRA Rollovers, 401(k) and 403(b)Account Transfers
IF you are leaving your job and need to rollover your retirement account, we can assist you. Depending on your investment needs and goals, we can make recommendations regarding safe and insured fixed income accounts.
If you are looking for variable investments that will go up and down with the markets, then we are most likely not your best resource. We specialize in fixed and indexed linked interest accounts to protect and preserve retirement dollars. In this way, we help those who wish to reduce their exposure to the overall markets and gain peace of mind.
Continuing Retirement Contributions
If you are still earning wages from a new employer, you can continue to contribute to your retirement account under certain circumstances. Once the account has been transferred to a new custodian and provided that you meet certain requirements from the Internal Revenue Service, then you may contribute up to a predetermined amount.
It is advisable to contact your accountant to learn of any limitations before making contributions. We can help you setup a retirement account that will allow for systematic contributions should you still be earning wages and income after leaving a former job. We also assist those who are self-employed.
Reducing Taxes With A Roth IRA Conversion
If you are an IRA account owner, you can convert to a Roth IRA subject to certain income limitations. Those income limitations were removed in 2010 so that those who make over $100,000 per year can also convert to a Roth. While this type of tax and retirement planning may not fit everyone, it certainly has its advantages.
It is important to note that all funds converted from a traditional IRA to a Roth would be taxed as ordinary income, but not subjected to I.R.S. penalties. The income tax generated from your conversion can be spread out over two or more years.
If you believe that future income tax rates will be increasing (as many do), then now is a good time to convert your account. As oppose to tax deferred growth, your new Roth IRA grows tax free and all future distributions are income tax free to you and your beneficiaries. Additionally, there are no required minimum distribution rules that require a forced distribution at age 70 1/2.
Taxes And RMD Withdrawals From An IRA
In most cases, income taxes will be due at the end of the year when withdrawals are made from a retirement account – accept for the above mentioned Roth IRA. If withdrawals are taken before age 59 1/2, then penalties can be imposed by the IRS unless certain hardship or other unique conditions are met.
Most retirees wait until age 70 1/2 to begin what is called their Required Mandatory Distribution or RMD. At this time, it may be advisable to own assets that are less volatile in order avoid selling a depreciated asset through the I.R.S. forced RMD withdrawals. If setup properly, many qualified accounts can automatically calculate and distribute your required minimum distribution each year and some will also withhold federal and state income taxes.
Contact Us For Retirement Account Assistance
Whether you are newly retired, unhappy with the performance of your retirement account, considering a conversion, or approaching mandatory distribution age – we can assist you.
There are several safe, insured and fixed rate investments available to conservative minded consumers who wish to reduce their market exposure. We work with many investment and insurance companies that specialize in this growing field and can help make recommendations that fit your financial needs.