Because we are living in an era of downsizing, sound advice on management of accumulated assets is essential.  You may decide to maintain tax benefits by utilizing a Rollover IRA.  

Here are a few things to keep in mind:

  • When you leave a job that has a sponsored retirement plan you have options for managing your retirement assets.
  •  A Rollover IRA can strengthen your financial security.  
  • When you Rollover you are moving money from a 401 (k) or another retirement plan into an IRA.
  • The distribution rules for a Rollover IRA are the same as the rules for a traditional IRA. 
  • Contributions and earnings are taxed when withdrawn after age 59½.
  • Withdrawals before age 59½ are taxable and subject to an early withdrawal penalty with certain exceptions. 
  • Withdrawals must begin by the year after you reach 70½ to avoid penalties.
Mark Gown has been our Financial Advisor for the past 24 years. I appreciate that I can trust Mark. He’s always focused on finding the best financial strategy for us. Mark isn’t just our advisor, but our friend. I would recommend him without hesitation.
— Villamor and Ofelia Guzman