5455 Corporate Drive,
While protecting your legacy.
Long-term care costs are rising every day. Increasing costs mixed with an elevated life expectancy means planning ahead for the future is no longer an option. Even if you’re far from your retirement, it’s never too early to start allocating your resources to ensure you’re covered through whatever life may bring.
Our practice provides elder care services, with advisors who have navigated a wide range of long-term care issues and circumstances, enabling them to create proactive strategies and personalized tools to help secure your assets and protect your livelihood from being adversely affected by unexpected ailments, losses and more.
Our elder care services include:
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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.