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IRA Advisory Services

You’re ready to start building funds for your retirement, and Individual Retirement Accounts (IRAs) are designed to help you do that. However, there are several options for IRAs, and it may be difficult to discern which one would work for you.

Before you start putting money into an IRA plan, you need someone who can help you identify which plan meets your needs, how much to put in, and when to start withdrawing. We work with retirement-minded individuals in Los Angeles and the surrounding central California communities. Learn more about our IRA advisory services by scheduling a complimentary consultation today.

IRA Advisement for Business Owners

Business owners must consider retirement planning both for themselves and their employees. Offering a savings plan gives your employees better opportunities to save for their future, and makes you more attractive to quality personnel. It may also open up tax benefits to your business, as you can list contributions as a business expense. Even small businesses can make use of a savings plan.

We work with businesses to identify the most useful retirement plan for their business and employees. This may be a 401(k), a Simplified Employee Pension Plan (SEP-IRA), or a Savings Incentive Match Plan for Employees (SIMPLE IRA) depending on the size of your business and other factors. We help you select a plan, determine how much to contribute, and establish a system to ensure that you and your employees can use the plan to its fullest.

IRA Advisement for Individuals

You may have a 401(k) or other retirement savings option through your employer, but this alone may not be enough to sufficiently save for retirement. Adding an IRA can give you greater opportunities to build your retirement fund.

We take the time to discuss your situation and identify the plan that aligns with your financial goals. We explain the benefits of each plan, help you set yearly contribution targets, and outline the most beneficial approach for making withdrawals.

Types of IRAs

IRAs come in three main categories. As they each have unique advantages, choosing a plan requires an individual approach.

Traditional IRAs: The contributions you make to this plan may be tax-deferred, allowing your earnings to grow until you’re ready to withdraw them at retirement. As many retirees fall into a lower tax bracket once they retire, their withdrawals may fall into a lower tax bracket than they would have in working years.

Roth IRAs: With this IRA, the funds you contribute have already been taxed, which makes withdrawals tax-free at retirement. You may also withdraw your original contributions (but not investment profits) at any point, free of taxes and fees, giving you a safety net in case of an emergency. They also have no age requirement by which payouts must begin.

Rollover IRAs: A subset of the Traditional IRA, these accounts are specifically designed to accept assets transferred from an employer-sponsored plan, such as a 401(k) or 403(b). They are a useful option for employees taking a job that does not offer a savings plan, or when the employee feels dissatisfied with the plan on offer.

All tax deferrals are subject to specific conditions regarding your income and financial circumstances.We walks you through your tax obligations and how each plan would benefit you, giving you the knowledge and insight to choose the IRA that helps you to prepare for a comfortable retirement.