Education Planning
When your children are ready to join a college, if not planned ahead of time, educational expenses may
create a huge burden on your financial situation. You may choose to have Coverdell education savings account
(ESA) or the well know 529 Plan. But, there are certain limits and tax consequences of choosing either one of those.
So, please contact us to make the best choice for your children's educational financial future.
* Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
Asset Management
Professional management of your assets by deploying, operating, maintaining, upgrading, and disposing of
assets is called asset management. We take care of the burden and complexity of your financial world.
We make your financial transactions under compliance and provide their regular reporting.
* Investing involves risk including the loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
Portfolio Analysis
Portfolio analysis of your finances can potentially lead to optimum allocation,
can expose the real growth rate, may provide real balances of your accounts, can estimate success of portfolio,
can provide stability and may enforce diversification. It can also help fund under-performing and excessive risk securities.
* No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.
401K
A 401(k) is a retirement savings plan sponsored by your employer.
It lets workers save and invest a piece of their paycheck before taxes are taken out.
Taxes aren't paid until the money is withdrawn from the account. 401(k) can be an excellent investment tool to
accumulate abundance in your retirement. 401(k) needs careful analysis of an employer's match, cost of transactions,
and list of securities offered.
Fixed Annuities
Fixed annuity is a financial contract to accumulate capital on tax-deferred basis.
In exchange for a lump sum of capital, a life insurance company guarantees the principal investment besides
crediting you a guaranteed fixed rate of interest. Generally, capital is added during the "savings phase"
and received through the "distribution phase". Annuities are huge investment tools but one must consider
its tax consequences, withdrawal penalties, and other administrator fees.
* Fixed annuities are long-term investment vehicles designed for retirement purposes. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. Guarantees are based on the claims paying ability of the issuing company. Withdrawals made prior to age 59 ½ are subject to a 10% IRS penalty tax and surrender charges may apply. Guarantees are based on the claims-paying ability of the issuing insurance company.
Variable Annuities
If you max out your contributions in 401(k)s and IRAs, then variable annuity can be a way to enhance your
retirement savings. Each person has different financial needs and goals, and thus,
it is very important to consider all factors before finalizing on an annuity contract.
Variable Annuities have the potential to provide more returns than fixed annuity but has much more risk too.
Annuities are huge investment tools but one must consider its tax consequences, withdrawal penalties, and other administrator fees.
* Variable annuities are long term, tax-deferred investment vehicles designed for retirement purposes and contain both an investment and insurance component. They have fees and charges, including mortality and expense risk charges, administrative fees, and contract fees. They are sold only by prospectus. Guarantees are based on the claims paying ability of the issuer. Withdrawals made prior to age 59 ½ are subject to 10% IRS penalty tax and surrender charges may apply. Gains from tax-deferred investments are taxable as ordinary income upon withdrawal. The investment returns and principal value of the available sub-account portfolios will fluctuate so that the value of an investor’s unit, when redeemed, may be worth more or less than their original value
SEP-IRA
A Simplified Employee Pension Individual Retirement Arrangement (SEP IRA) is a variation of the Individual
Retirement Account. SEP IRA is useful to business owners to provide retirement benefits for themselves and their employees.
There are limits one can contribute annually to SEP IRA. Employer contributions made under a SEP plan
do not affect the amount you can contribute to an IRA on your own behalf.
Contact us today to find the best retirement solution for you.
Simple IRA
A SIMPLE IRA, or Savings Incentive Match Plan for Employees, is a type of traditional IRA for small businesses and
self-employed individuals. It provides small employers with a simplified method to contribute toward their employees'
and their own retirement savings. Employees may choose to make salary reduction contributions with or without
employer matching. Contributions are split into two distinct categories: employee salary reduction and employer contributions.
IRA Rollover Roth
Your existing IRA can be rolled over to another provider without any taxes, if rollover happens in 60.
If a distribution from an IRA or a retirement plan is paid directly to you, you can deposit all or a portion of
it in an IRA or a retirement plan within 60 days. Move from Traditional IRA to Roth IRA, could lead to taxes or
penalties based on your age. One must be separated from one's employer to roll your 401k into a Roth IRA.
Please feel free to contact us before making any IRA rollover decisions.
A plan participant leaving an employer typically has four options (and may engage in a combination of these options), each choice offering advantages and disadvantages. For balance, please update your material to include each option below:
- 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.
Traditional IRA
A traditional IRA is an individual retirement account for tax-deferred growth of your earnings.
You pay taxes on your investment gains only when you make withdrawals in retirement.
There are rules to contribute as well as withdraw from traditional IRA.
A systematic and well planned long term contribution to your traditional IRA can be a great safe haven in your future.
Social Security
Social security benefits are generally workers who have accumulated a sufficient number of work credits.
Such benefits become a part of your retirement portfolio. They may help your spouse too.
The amount of the monthly benefit after the waiting period is over depends on your earnings record.
Please contact us today to do a portfolio analysis for evaluating your retirement options.
Contact Us
