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Retirement Strategies

Retirement Strategies

Retirement Strategies

ALMEA uses an investment strategy with the objective of providing inflation-adjusted income for life. The strategy allocates assets in a manner that places a heavy emphasis on streams of income that continue over long periods of time. This is extremely important because Americans are increasingly being forced to rely upon their own retirement savings to create the retirement income they will need. With longevity increasing and interest rates low, creating durable streams of retirement income can be challenging.

401(k) Rollovers
Many people have 401(k) plans from a previous employer and sense that they should be doing something with the investments. Tax regulations and investment options seem to be an ever-moving target. At ALMEA we specialize in assisting our clients with understanding the available options for their 401(k), including direct (tax-free) rollovers and/or retirement income strategies for distribution planning. Note that careful attention should be paid to any distributions prior to age 59 1/2 that might be subject to tax penalties. 
IRA/ROTH Plans

There are numerous types of IRAs: Traditional IRA’s, ROTH IRA’s, SIMPLE IRA’s and SEP IRA’s. They are all great investment tools used by individuals to earn and earmark funds for retirement income planning. Contribution levels are different based on the specific type of plan and often vary from year to year. Contributions to the Traditional IRA may be tax deductible depending on the taxpayer’s income, tax filing status and coverage by an employer-sponsored retirement plan. ROTH IRA contributions are not tax-deductible.

SEPs and SIMPLEs are retirement plans established by employers. Individual participant contributions are made to SEP IRAs and SIMPLE IRAs. With the exception of ROTH IRAs, where eligible distributions are tax-free, eventual withdrawal from an IRA is taxed as income.

Our investment professionals can help you understand how your current IRA investments are performing and if you are on track with your retirement goals and objectives.

Tax Sheltered Annuities
Only certain types of employers are available for tax sheltered annuities, or 403b salary deferral plans: religious, charitable, educational, scientific and literary organizations and public schools systems. Typically, the employee makes contributions by contributing a portion of their salary to the fund, and in some cases the employer also makes contributions. If your employment qualifies for a tax sheltered annuity, we can help you understand the contribution limits, employer obligations and other regulations with these types of retirement investments. 

This site is for informational purposes only and is not an offer to sell or a solicitation of any offer to buy any securities or investment advisory services which may be referenced herein. We may only offer services in states in which we have been properly registered or are exempt from registration. Therefore some of the services mentioned may not be available in your state, and if not, the information is not intended for you. ALMEA Insurance, Inc. is not a registered broker/dealer or investment advisory firm. Bill Wilson is licensed to offered securities through KMS Financial Services, Inc. ALMEA Insurance and KMS Financial Services are not affiliated and there is no common ownership or control. | Member FINRA / SIPC