5455 Corporate Drive,
Between your employees’ needs and your business’s resources.
With collaboration at the forefront of our firm, we believe in a team approach when it comes to the many facets of financial planning.
As financial planners and business owners, we can help your company stay ahead of increased scrutiny of retirement plans’ fiduciary requirements.
Being independent allows us to tailor your 401(k) plan to your organization’s size and needs — with a focus on keeping investment costs low — making sure the things you outline benefit the right people.
In order to accomplish this, we conduct a thorough analysis and benchmarking of your current 401(k) retirement plan, including:
The quality of the current investment platform, total plan cost and vendor revenue.
An annual review.
A documented investment policy statement.
In addition to traditional retirement plans, we also design defined benefit plans, non-qualified deferred compensation plans and executive benefit and retention tools.
All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.
A diversified portfolio does not assure a profit or protect against loss in a declining market.
The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure that you are insurable by having the policy approved. As with most financial decisions, there are expenses associated with the purchase of life insurance. Policies commonly have mortality and expense charges. In addition, if a policy is surrendered prematurely, there may be surrender charges and income tax implications.
Converting from a traditional IRA to a Roth IRA is a taxable event.
A Roth IRA offers tax free withdrawals on taxable contributions.
To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first-time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.
For a comprehensive review of your personal situation, always consult with a tax or legal advisor. Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice.