• IRA & 401(K) Assets & Planning

  • When you change jobs or retire, there are four things you can generally do with the assets in your employer-sponsored retirement plan:

    1) Leave the money where it is

    2) Take the cash (and pay income taxes and perhaps a 10% federal penalty tax if you are younger than age 59½ )

    3) Transfer the money to another employer plan (if the new plan allows)

    4) Roll the money over into an IRA

    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.

    If you determine to cash out of the IRA, we can help you find suitable vehicles to help you reach your retirement income goals.

  • 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. 

  • THE 401K FALLOUT VIDEO