We specialize in qualified retirement account rollovers. We help with IRA rollovers as well as 403(b), 401(k) & Roth IRA transfers. Our agency specializes in safe, insured and conservative investment accounts that avoid market loss. If you are retiring, changing jobs, income planning, or looking for protection from losses -we can help.
Deciding what to do with your qualified funds at retirement can be difficult. If you are permanently separating from an employer, you may be required to rollover your IRA, 401(k) or 403(b) account to a new custodian. We can provide guidance.
Considering the market turmoil over the last decade, rollovers and transfers are very important decisions. Many retirees want to protect the assets they have worked hard to accumulate. Significant market fluctuations are less tolerable when reliable income and principal protection are needed most.
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.
We offer investments that will protect your retirement account while also providing steady monthly income – or, if desired, guaranteed income for your life.
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.
Is 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 while gaining peace of mind.
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.
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 individuals 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. A primary advantage being that a Roth IRA grows tax-free and proceeds can be withdrawn tax-free.
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 your 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.
In most cases, income taxes will be due at the end of the year when withdraws are made from a retirement account – except for the above mentioned Roth IRA. If withdraws 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 Minimum Distributions or RMD, but they can be taken penalty free after age 59 1/2. If setup properly, many qualified accounts can automatically calculate and distribute your required minimum distribution amounts each year and some can also withhold federal and state income taxes.
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.