Working Together

401k Assist, LLC

 

401k Assisit, LLC's has spent years helping clients accumulate assets for their retirement.  Now we as a firm have moved on to a new phase of helping our clients with their Lifetime Income Planning your IRA rollovers and protecting a portion of retirement using annuities, mutual funds and ETFs

401k Assist, LLC Services

 IRA/Roth Rollover

Traditional IRA contributions are tax-deductible on both state and federal tax returns for the year you make the contribution. As a result, withdrawals—officially known as distributions—are taxed at your income tax rate when you make them, presumably in retirement.

Contributions to traditional IRAs generally lower your taxable income in the contribution year.  That lowers your adjusted gross income (AGI), possibly helping you qualify for other tax incentives you wouldn’t otherwise get, such as the child tax credit or the student loan interest deduction.

With Roth IRAs, you don’t get a tax deduction when you make a contribution, so they don’t lower your adjusted gross income that year. But, as a result, your withdrawals in retirement are generally tax-free. You paid the tax bill upfront, so to speak, so you don't owe anything on the back end

Retirement Plan and IRA Rollovers

 

 

 

During this time of distress 401k Assist, LLC is willing to assist employers to evaluate the options regarding keeping their present plan.  We are offering free our assistance at no charge to everyone.  Book Online appointments to assist you and your employers.  You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA, SEP IRA, or retirement plan account when you reach age 70½.

 

However, changes were made by the Setting Every Community Up for Retirement Enhancement (SECURE) Act which was part of the Further Consolidated Appropriations Act, 2020, P.L. 116-94, signed by the President on December 20, 2019. Due to changes made by the SECURE Act, if your 70th birthday is July 1, 2019, or later, you do not have to take withdrawals until you reach age 72. Roth IRAs do not require withdrawals until after the death of the owner.

Digital Smart Money Investment Guidance

We communicate with you online.  We offer scheduled investment reviews, regular financial check-ins, ongoing education opportunities, and an informative client newsletter. You can also count on a response within 24 hours whenever you contact us with an investment question.

©2019 by 401k Assist, LLC