Using common sense when planning for the future is so important! We offer a range of products to help you build and secure your financial future. Whether your financial future includes paying college tuition, purchasing a new home or retiring with security, we can help you reach your goals!.
Having the right Retirement Plan will not only assist in, but can take care of your loved ones financially.
Traditional IRA: This is a tax favored account that allows anyone under the ago of 70 1/2 who has earned income from employment to contribute up to $3,000/year, and is subject to certain income conditions. These contributions are tax deductible, though earnings are tax-deferred. Withdrawals are taxable and are required to begin at the age of 70 1/2. If you withdraw from the account prior to age 59 1/2 a tax penalty may apply and there are federal restrictions.*
IRA Rollover: This is a tax favored account which savings are transferred from an existing, qualified retirement plan (i.e. 401 (k) plan) to a Traditional IRA. Though contributions and withdrawals follow the guidelines as a Traditional IRA.*
Roth IRA: This is a tax favored account that allows anyone, regardless of age, with earned income from employment to contribute up to $3,000/year, and is subject to certain income conditions. Contributions are not tax deductible. Earnings are tax deferred. Withdrawals are tax-free under certain conditions, but if you withdraw from the account prior to age 59 1/2 a tax penalty may apply and there are federal restrictions.*
Education IRA: A tax favored account that allows anyone to contribute on behalf of a child. These contributions can not exceed $2000/child per year. Limitations do exist on the contribution of any one person.*
529 College Savings Plan: This is a national college savings program authorized and created under Section 529 of the IRS code that enables individuals to save and invest on a tax deferred basis at a variable rate of return to fund college or graduate school expenses. Parents, grandparents and others are able to contribute up to $10,000/year per beneficiary.*
If you have any questions or concerns in general regarding any of our products and services, don’t hesitate to contact us today. As your insurance agency of choice, we are happy to work with you to help make sure that you and your family always have the types of coverage that will be truly beneficial for your needs.
Serving All of Palm Beach and Broward Counties Including Boca Raton | Delray Beach | Boynton Beach | Deerfield Beach | Pompano Beach | Fort Lauderdale | Coral Springs