Offering Insurance for Nevada

If you’re looking to supplement your retirement savings, an IRA can be a powerful tool to help you reach those goals.

What Is an IRA?
An IRA is an Individual Retirement Account that allows you to save money for retirement with certain tax advantages. Think of an IRA not as an investment product itself but more like a box holding your chosen investments. Those investments may include mutual funds, stocks, bonds, annuities, Certificates of Deposits (CDs) or other financial products. Keep in mind that some restrictions and limitations on eligibility, contribution limits and access to fund apply.*

Types of IRAs
The three main types are the Traditional, Roth, and Rollover IRAs. Which type is right for you?

How an Allstate Personal Financial Representative Can Help
Interested in opening an IRA? Whether you’re interested in opening a new or rollover IRA, traditional or Roth, I can help you get started with the right IRA for you.

Ready to start saving for retirement and other important needs? I can help you understand your IRA options so you can make the best decisions. Setting up accounts, accessing information or making exchanges are all easy. 

 

Allstate can help you with:

• Opening a new IRA
• Consolidating IRAs
• Executing a rollover
• Converting a traditional IRA to a Roth IRA
• Assisting with your broader retirement savings needs

401(k) Lump Sum Distributions
Take the Money and Run? What You Should Know about 401(k) Lump Sum Distributions. You’re retiring and your employer offers you a lump sum distribution of your 401(k) funds. At first, this might sound like a good thing. However, if you take the lump sum distribution, you will most likely need to pay income taxes, a hefty 10% penalty if you’re under 55 and possibly additional withholding on the distribution. You’ll also miss out on years of tax–deferred compounding that could help your retirement. Another option is to roll over your distribution into an IRA. With a rollover IRA, your money continues to grow tax deferred within a wide range of investment options. You can choose how to invest your money, and the options are probably much broader than your employer’s plan. To learn more about IRA rollovers, contact me.

 To contact Chris, you can:

• Call me at (702) 616-8384
• Send an e-mail
• Visit my office