When you change jobs or retire, there are four things you can generally do with the assets in your employer-sponsored retirement plan:
Rolling over from one qualified plan to another qualified plan allows your money to continue growing tax-deferred until you receive distributions in retirement.
We can help you determine if a rollover is the right move for you.
When you leave an employer you should consider moving your retirement plan as well. Most retirement plans can be rolled over or transferred without any tax implication to you. There are multiple options that you may consider and we can assist you at no charge or obligation in finding the best option for the needs of you and your family. You worked hard to build a retirement portfolio, our goal is to help you grow what you have built and protect your retirement from market losses. In addition, when you do retire, or need to take income or required minimum distributions, we can help you to with the best way to recapture what you have withdrawn.
What is an IRA Account?
Individual Retirement Accounts (IRA's) are the most common retirement accounts for individuals who would are looking for tax deferral and income reduction. IRA accounts have become one of the largest types of assets inherited by beneficiaries. If you don't anticipate needing your IRA money in retirement, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will receive upon your death.
You may want to use some of your IRA assets to provide your beneficiary(ies) a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary's lifetime. We can help you evaluate your financial situation to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs.
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