Keep Your Bank Account Full
Once you are done protecting your current assets, you can start looking at different ways to increase your monthly income. Guardian Financial Management in Lewisville, Texas, offers our clients a variety of options designed to maintain your standard of living, including long-term care insurance and IRA planning resources.
IRA & 401(k) Rollovers
When you change jobs or retire, there are four things you can generally do with the assets in any employer-sponsored retirement plan. You can leave the money where it is; take the cash and pay income taxes as well as a potential 10-percent federal tax if you are younger than 59-1/2; transfer the money to another employer plan if allowed by the new plan; or roll the money over into an IRA.
Rolling over from one qualified plan to another allows your money to continue growing tax-deferred until you receive distributions in retirement. If you decide to cash out of an IRA, we can help you find suitable vehicles to help you reach your retirement income goals.