401k & IRA Planning
401(k)s & IRAs can be confusing. We most often find people went to work for a large corporation, was handed a folder with a couple of options and told to pick one. Most times, the employee chose the option they felt best represented the risk they were willing to take, based on the title of the choices alone, with little or basic understanding of what they were choosing. Upon separation from said corporation or company, the rollover process is rarely discussed and often avoided, as a result. Retirement Solutions 4 Life Inc., makes the rollover process simple, easy, and we like to educate our clients. It is important to us, that our clients fully understand our recommendations, the products and policies offered.
IRAs and 401(k)s both have unique tax benefits. There are many similarities between
a 401 (k) plan and an individual retirement account (IRA). But there are also differences that can make it difficult to understand. If you get these two retirement savings vehicles confused, you’re certainly not alone.
As you can see from the chart to the left, you certainly aren't alone. Due to the tax similarities, differences, and ever changing tax laws, it's even more important to have a professional help guide you through the rollover process. Retirement Solutions 4 Life Inc., recognizes how overwhelming the rollover process can be, and therefore, as implemented a rollover system we utlizing when handling rollovers for our clients. Most times, the most action required by a client, is to sign an authorization form. It can be that simple.
In order to determine if rolling your 401 (k) or Individual Retirement Account (IRA), makes sense for you, contact our office today at 941-350-9699 or at our Contact Us page. There is no fee or obligation.
There are many dynamic parts to a IRA or 401k. If used properly, they can provide savings in paid taxes. So, monies you would normally have to pay Uncle Sam, are being put to work for you in your retirement account. Retirement Solutions 4 Life Inc., works collobratively with their trusted professional accounting firm. Together, we ensure maximum contributions are being made, maximum tax savings are occurring, and reducing the tax liability of our clients, if and when possible.
Frequently we work with business owners who are too busy running their business, or individuals who are too busy working, to worry about their retirement contributions and savings. Unfortumately though, the time value of money is the most important, if one continues to procrastinate, time has passed by very quickly, and next thing you know, it's time to retire. Don't wait until it's too late. Let us do the work for you.
So, when you're done chasing your dreams, when you finally look up from whatever passionate thing it is you're doing, you can continue to keep your good life going, and enjoy what you worked for. Contact our office to schedule a no obligation, free consultation to determine if a rollover is right for you.