Life Happens
Life changes can sometimes leave us with a lot of uncertainty. And when money is involved, for instance, with a change in employment, we can be pressured into making financial decisions quickly. Making the right decision about your retirement dollars is one of the most important decisions you make.
Before your current retirement plan liquidates your account and you are subject to withholding tax of potentially 20%, you have a limited amount of time to access this money. Now is the time to know some choices!You must choose financial products based on your unique needs.
Ask yourself:
Would I like the potential to earn more money for my retirement?
Am I taking advantage of upside potential?
Can I reallocate my money to fit my retirement needs?
What would happen to my money in case of an untimely death?
Where do I Go from Here?
If you have a change in employment, or recently retired, you are probably wondering what to do with your Defined Contribution Plan. If done properly, rolling over your retirement money is a non-taxable event and no fees are involved. Rolling your plan is easy, but it is important to know your choices:
Cash out plan
Leave in former employer's plan
Roll to new employer's plan
Roll to self-directed IRA
Helping You Accomplish Your Personal and Retirement Goals, Our insurance agents are available to assist you in accomplishing your personal and retirement goals. Their role is to professionally assist you regarding your choices, allowing you to make a more informed decision.
Direction, balancing all the priorities in your life may be challenging... with proper guidance, getting the advice you need doesn't have to be one of those challenges.
If you are considering an annuity for your IRA,purchase the annuity for reasons other than tax deferral, which is inherently provided by an IRA; such as death benefit and lifetime income. Indexed Annuities contain limitations including withdrawal charges, fees and a market value adjustment which may affect contract values. This information is for educational purposes only, it does not provide legal, tax or investment advise, and is not intended to be thorough discussion of the subject. Readers should consult an agent to discuss their personal situation.
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Last Updated on Monday, 27 October 2008 13:22