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Retirement Plan Rollover Services in Long Beach, CA

IRA Rollover Services In Long Beach, CA

At Randall Wealth Management Group, we pride ourselves on being a small, family-owned firm. When we develop a new relationship, we look at it as lifelong and treat the client like family. It takes time to cultivate meaning and trust within the scope of the advisor/client relationship. All of our efforts are geared towards gaining the confidence of our clients through our ability to provide appropriate financial solutions to each area of their financial picture. Each client receives individualized care from our team of financial professionals. We specialize in retirement planning and investment services in Long Beach, CA. Our Retirement Planning Software creates a realistic projection of what an individual’s retirement will look like and identifies potential concerns.

What Is Rollover IRA?

A rollover IRA is an individual retirement account that allows you to move the funds from an old employer-sponsored retirement plan into an individual retirement account (IRA). An IRA rollover allows you to preserve tax-deferred retirement assets. An IRA rollover avoids paying current taxes and early withdrawal penalties at the time of the transfer. If a person leaves a job for any reason, a Rollover IRA is often the best solution for the individual to keep their tax-deferred benefits and continue to save for their retirement. A rollover IRA provides a broader range of investment choices, including stocks, bonds, CDs, ETFs, and mutual funds. There is more than one kind of individual retirement account. Some types of IRAs include traditional, Roth, SEP, and SIMPLE. The type of rollover IRA you select can be based on what kind of 401(k) account you held.

Types Of An IRA:

Traditional IRA

A traditional individual retirement account lets individuals direct pre-tax income toward investments that may grow tax-deferred to save for retirement. During retirement, the owner of the traditional IRA pays income tax on withdrawals.

Roth IRA

Roth IRA resembles a traditional IRA but with non-tax-deductible contributions. Tax-free withdrawals occur at retirement. Ideal for individuals expecting higher taxes in retirement.

SEP IRA

SEP IRA is a plan for employers or self-employed individuals. It allows higher annual contributions compared to standard IRAs, nearly ten times more.

Simple IRA

SIMPLE IRA is a retirement plan for small businesses. It enables employees and employers to contribute to traditional IRAs. Simplifies retirement savings for smaller companies.

California Retirement Plan Rollover Firm Near Your Area

We recognize the significance of location. You seek Retirement Plan Rollover professionals in your vicinity who can readily cater to your needs. Randall Wealth Management is pleased to provide Retirement Plan Rollover Services in the following areas:

More On A Rollover IRA

For many people, rolling over a 401(k) or 403(b) into an IRA is the best choice they can make. Taking a cash-out incurs many fees and other penalties helping to reduce your hard-earned retirement savings. The individual retirement account offers many advantageous features such as more choices for investments, higher level communication, fewer fees, and the possibility of opening a Roth account. Other benefits may include cash incentives from brokers, fewer rules and limitations, and some estate planning advantages. 401(k)s are limited to fewer investment plans, like select mutual funds, equity funds, and a couple of bond funds. With an IRA, however, most kinds of investments are available.

Key Take Aways

Rollover IRAs offer various benefits, depending on specific factors. A financial advisor can assist in exploring options, maximizing savings, and minimizing fees. Contact us at (562) 552-3367 for personalized assistance.

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

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Randall Wealth Management Group and Vanderbilt Financial Group are separate and unaffiliated entities. Vanderbilt Financial Group is the marketing name for Vanderbilt Securities, LLC and its affiliates. Securities offered through Vanderbilt Securities, LLC. Member FINRA, SIPC. Registered with MSRB. Clearing agent: Fidelity Clearing & Custody Solutions. Advisory Services offered through Consolidated Portfolio Review, a Registered Investment Adviser. Clearing agents: Fidelity Clearing & Custody Solutions, Charles Schwab & TD Ameritrade. Insurance Services offered through Vanderbilt Insurance and other agencies. Supervising Office:125 Froehlich Farm Blvd, Woodbury, NY 11797 • 631-845-5100 For additional information on services, disclosures, fees, and conflicts of interest, please visit www.vanderbiltfg.com/disclosures