Talk to Visionary Financial Group about long-term care – before you need it.
Americans are living longer than ever, but no one can escape the effects of aging. Millions of elderly Americans live in care situations due to stroke, MS, Parkinson’s, Alzheimer’s, and reduced physical or mental ability. Consider these issues:
The time to plan and think about long-term care is before you need care or before a crisis occurs. It is important to talk with your family about the kind of long-term care services you think you might need someday, how much they will cost, and how you will pay for them.
The value of Long Term Care insurance:
Long-term Care insurance premiums rises as you get older, although once you buy a policy, your premiums do not increase due to aging or health. The Federal and State Partnership Programs encourage people to buy as early as age 40 to ensure that they do not become a burden on Welfare/Medicaid if they get sick or injured at an early age and need long term care.
If you can afford the premium for years to come, buy now to protect yourself and your family.
The time to talk about long term care insurance is before you need it. Call Shelly Dodge at 972/539-0002 today to schedule a complimentary consultation to review your financial goals and to discuss whether long term care insurance has a place in your financial future.
An IRA rollover is an effective way to keep your money accumulating tax deferred.
If you change jobs or retire, you may want to transfer the money you’ve invested in an employer-sponsored retirement plan such as a 401(k) or 403(b) to an individual retirement account (IRA).
Using an IRA rollover, you can transfer your retirement savings to either a traditional IRA or a Roth and decide how to invest the funds. An IRA can be tailored to your particular needs and goals and can utilize a variety of different investment options, while many employer-sponsored retirement plans have a limited number of options available. In addition, an IRA rollover allows for tax-deferred retirement savings from multiple employers to be consolidated into one account.
You may facilitate a rollover in two ways. The first, and most common, is a trustee to trustee transfer where the check is sent from one firm to another without any tax consequence to you. The second is to have the check mailed directly to you written out to you as an individual. To preserve the tax-deferred status of this retirement savings, if the check is written out to you and you wish to roll the funds into an IRA, the funds must be deposited in the IRA within 60 days of withdrawal from the employer’s plan. To avoid potential penalties and a 20% federal income tax withholding from your former employer, you should arrange for a direct, trustee to trustee transfer.
401k rollovers may make it easier to manage your retirement savings by consolidating your holdings in one place. This can help cut down on paperwork and give you greater control over the management of your retirement assets.
The professionals at Visionary Financial Group can help you determine whether an IRA rollover should be part of your overall retirement strategy.
A leader in retirement transition and Individual Retirement Account (IRA) rollover strategies, Visionary Financial Group is also known for innovative investment strategies involving REIT’s, 1035 exchanges, Private Placements, bond ladders, and structured investments.
Call Shelly Dodge at 972/539-0002 today to schedule a complimentary consultation to review your financial goals and discuss the various IRA rollover options.