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Education

Many are unaware of how critical IRA planning is.  Remember that IRA planning intersects many other aspects of your overall plan.  We offer complimentary initial consultations.
 
Let us help you ------
  • Answer your important questions
  • Plan a tax efficient withdrawal strategy
  • Evaluate your employer plan to determine what options are available to you
  • Establish an IRA, Roth IRA or other retirement account
  • Move your retirement account money - if that's the right move for you, correctly to avoid mistakes
  • When would be the best time to start taking Social Security
  • Help insure your retirement accounts pass to the right beneficiaries tax efficiently
  • And More!
 
FREE IRA PLANNING GUIDE -- Get a FREE copy of "The Baby Boomers Guide to IRA Planning".  Click on the "Free IRA Guide" button below, in the massage section write - IRA Planning Guide - include your address and a complimentary guide will be mailed to you. 
 

Times have changed and retirement planning has become increasingly more complex.  Changes in pension plans, taxation, social security and the fact that people are living longer makes IRA planning essential to help you make the decisions that are best for you and your family.

The 6 Retirement Account Options Every Retiree Must Know.
Amazingly enough, there are actually six potential options you have available to you when considering what to do with your employer-sponsored retirement plan funds once you have access to them.  
 
They are:
 
  1. Leave the employer plan assets in their existing company retirement plan 
  2. Rolling over plan assets to an new company retirement plan
  3. Rolling over plan assets to an IRA
  4. Taking a "lump sum" distribution
  5. Converting Plan Assets to a Roth IRA
  6. Making an in-plan Roth conversin of their plan assets.
 
We can discuss all of these options to see which is best for you.
 

 

 
Three Common RMD (Required Minimum Distribution) Mistakes.
 
 
  1. Aggregating RMD's between different types of retirement accounts.
  2. Aggregating RMD's between spouses.
  3. Forgetting to take an RMD and doing nothing about it.
 
Tax penalties for RMD mistakes can be very costly.  Tax penalties reach as high as 50%.  
 
 
Coordinating IRA Planning with Social Security
  • Many don't properly evaluate the decision of when to apply for Social Security Benefits.
  • When you should claim benefits is a personal matter that depends on many factors.
  • Social Security is guaranteed for life and has cost of living adjustments.
  • Delaying Social Security can increase your benefits.
  • Many Retiree's claim Social Security earlier than they should.
  • Most do not plan for the loss of benefits if one spouse dies.

 

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