Retirement Plan On Course?

This upcoming three day weekend U.S. federal holiday commemorates the date when

Christopher Columbus first set foot in the Americas. In the USA it is observed on the Second Monday in October.


There will be no postal service.

It is a Federal Reserve Bank holiday, so while banks may open, some transactions will not be processed.


The New York Stock Exchange and Nasdaq remain open on this federal holiday.


After the recent market volatility this is an excellent time to review your investments and savings

plans to see how the markets have effected them. Are they on Course? Will you have enough money to retire and achieve your goals? Perhaps it's time to rebalance the portfolio. There also may be some tax loss harvesting that you may want to take advantage of.


Now more than ever it's important to get independent professional advice to help you navigate the nuanced world of finance.


No doubt you'll be seeing lots of ads that focus on the portability of retirement plans. This is an area that has been underserved for far too long particularly for lower income individuals and families. It is nice to see the industry has finally recognized this need.


Another retirement plan alternative for small business owners may be to Invest in yourself.

Instead of investing in someone else's dream invest in your own. Here is one example of a popular strategy to help fund a small business.

  • Entrepreneurs Receive Funding For Business

  • Begin your business journey with ROBS financing.

A rollover for business startups (ROBS) allows you to invest funds from an existing 401(k) or individual retirement account (IRA) into your business without paying early withdrawal penalties or taxes.


We can help you establish a strategy that allows you to combine a variety of retirement plans into one.


Avoid loan payments or interest with this worry free strategy. Many clients use this debt free method to fund. There is no loan interest and no credit needed. Others may choose to use the funds as a down payment in a SBA 7(a) or 504 loan. Often to buy an existing business.


How many plans are being accessed or how many people are rolling in does not affect our fee. Perhaps the husband and wife both want to roll in – we just need one.


Most retirement plans qualify. These include 401(k), 403(b), 457, Annuity Plans, Cash Balance Plans, Defined Benefit Plans, Employee Benefit Plans, IRAs, Profit Sharing Plan, Thrift Savings Plans, Rollover IRAs, SEPS and SIMPLE IRAs. The notable exceptions are ROTH IRA, ROTH 401k, or a non-spousal inherited IRA. Generally, the funds must be available – meaning prior employer.


It's a two entity structure, first we establish the operating entity which is required to be a C Corp. Next we establish a 401k plan for the C Corp. Now we have the employer and the employers plan. The client can now roll all of a plan, portions of plans, multiple plans, more than one person can roll. The funds go from where they are now into the new 401k account via a qualified rollover therefore no tax no penalty regardless of the clients age. Then the client makes an investment decision.


We look forward to helping you with any questions that you may have and a complementary portfolio review with no obligation.



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