Wealth Management Group

Why consider a rollover?

As the saying goes there are two things that are inevitable: death and taxes. And, out of those two sure things, you can only really plan for your taxes. It should be no surprise when tax season surely and steadily rolls around again, yet every year there are plenty of individuals who file for a tax extension (in 2014 there were approximately 12 million Americans who did so).

Here’s a thought: retirement doesn’t mean the end. It doesn’t mean an end of self-importance or purpose, it just means a new chapter—a paradigm shift of what life is beyond long days and meetings and bosses. Unless you own your own business, and even then, you are not your business.

We're just a month away from the mid-year point, believe it or not.  As a half-time refresher of sorts, I wanted to share some information on all things IRA.  The following infographic from Max Retire Rules covers the high-points on the four types of IRA - Roth, Traditional, Simple, and SEP

The nice thing about this piece is that in addition to covering the basics of how each IRA functions, there is also updated limit information for 2013.  This can come in handy as you contemplate your contributions now or in the future for the 2013 tax year.