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Retirement Plans

Retirement planning is essential to securing a level of comfort for you and your family when you retire. The most important steps to a happy retirement are saving and investing your money. After years of hard work we all want to enjoy some downtime, perhaps travel or even pursue interests we didn't have time for before.

We can help you plan for your retirement years with a wide variety of investment vehicles and insurance products as shown below.

IRAs

Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.

Traditional IRA

Contributions up to $2,000 annually may be deductible, and your earnings are not taxed until you start withdrawing money.

Roth IRA

For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.

Simple IRA

SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.

Annuities

Annuities can provide a series of payments that typically start at retirement and continue for the rest of the contract owner's life. Annuities can provide retirement income for either a fixed period of time or for the rest of an annuitant's life. Retirement income payments can begin immediately with the purchase of an annuity or be deferred to some time in the future.

401(k)

A 401(k) plan allows you to postpone receiving a portion of your salary until you retire. You choose the amount of income you'd like to "send to the future," or defer annually. Advantages of a 401(k) include:

• Chance of lowering your income rate by deferring a portion of your taxable income.
• Ability to access the money for certain situations like buying a house, college fees, or in some hardship situations.
• Your Social Security contributions and benefits will not be impacted by your 401(k) plan.
• Your account is transferableÑso you can take it with you from job to job.