Retirement Planning
We can help you determine your retirement goals and the actions necessary to achieve them. Whether you are saving for retirement or drawing an income in retirement, we can help. We identify where you stand with our retirement needs analysis (RNA) then we start planning which includes identifying sources of income, estimating expenses, and implementing a savings program or income plan. Our ongoing monitoring and tracking process, including risk analysis, ensures you reach your financial goals.
Click here to schedule your free retirement planning strategy session.
Retirement Needs Analysis (RNA)
The Needs Analysis is for better savings for the requirement after retirement. Find out how we can help you maintain the same lifestyle after you retire.
Retirement Savings Checkpoint
We can help evaluate where you stand in terms of your retirement goals.
Rollover
Rolling over a previous workplace retirement plan is easy with us. A plan participant leaving an employer typically has four options (and may engage in a combination of these options):
- leave the money in his/her former employer's plan, if permitted;
- roll over the assets to his/her new employer's plan, if one is available and rollovers are permitted;
- roll over to an IRA; or
- cash out the account value.
IRA
An Individual Retirement Account provides tax advantages for retirement savings and is a great way to earmark funds. We can help you find the right plan. Contributions to a traditional IRA may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 1/2 may result in a 10% IRS penalty tax in addition to current income tax.
Roth IRA
A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 1/2 or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Limitations and restrictions may apply. Let us help decide if it is right for you.
Roth Conversion
Find out how we can help you transfer retirement funds from a traditional IRA into a Roth IRA account. Traditional IRA account owners have considerations to make before performing a Roth IRA converson. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.
Inherited/ Beneficiary IRA
An inherited IRA, also known as a beneficiary IRA, is an account that is opened when an individual inherits an IRA or employer-sponsored retirement plan after the original owner dies. We can provide guidance to help you navigate this topic to maintain all possible tax benefits.
SEP IRA
Simplified Employee Pensions are adopted by business owners to provide retirement benefits for themselves and their employees. We can help you start and manage it.
SIMPLE IRA
A Simple IRA is a retirement savings plan that most small businesses with 100 or fewer employees can use. We are here to help assist you if you are considering starting one.
401(K)
A 401(k) is a qualified retirement plan that allows eligible employees of a company to save and invest for their own retirement on a tax deferred basis. Only an employer can sponsor a 401(k) for their employees. These contributions are deducted from your salary on a pre-tax basis. We can help you start a 401(k) plan for your company.
How much do you need to retire?
We are here to help you find this answer and work with you to attain it.
Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA.