You can’t always control the circumstances that lead to an IRA Rollover. Often, these come after a job loss, a job change or a retirement. But you can control the way you manage your retirement savings, and that’s where we can help.
Done correctly, rolling over your retirement savings offers you more flexibility in the investments you select, easier management of your retirement assets, consolidated reporting and account statements, and simplified calculation of required minimum distributions.
We can help you consolidate your investments into a professionally managed portfolio that is tax managed, transparent and flexible.
We can also help you with one of the most important initial considerations you’ll make -- whether to choose a traditional or a Roth IRA.
Withdrawals from a Roth IRA, unlike those from traditional IRAs, are tax-free. Additionally, there are no RMDs from a Roth, so investors can allow that income to grow tax-free indefinitely. However, you do have to pay taxes at the time of the conversion to the Roth.
Converting IRA funds to a Roth presumes that an investor’s tax rate will be higher when he or she withdraws the money. While this may seem probable, it is not always the case. Also, the conversion itself can kick an investor into a higher tax bracket because the income involved in the rollover is taxable at the time of the transfer.
We’ll guide you through the process of managing your IRA. Call us to set up a free first consultation today.