Tim is a financial advisor that knows how to adjust your financial strategy to adapt to the changes life throws at you. Whether you’re an individual, couple, or family trust he’ll help you stay on track to your financial goals despite the shifts in the landscape.
Call Tim at 508-277-5847 or email tim.hayes@cambridgeresource.com for a free, no-obligation financial planning consultation and financial profile assessment.
Have Any Concerns?
Back in the day before private employers dismantled their pensions and replaced them with 401(k)s, if someone told you that they had a pension, you would not know whether they worked for the public or private sector. Today, however, if someone says, ‘I have a pension,’ that usually means they work in the public sector.
Do you happen to have after-tax money in your 401k or 403b, assuming the fees and expenses in the IRAs are comparable to the 401k or 403b? A rollover might be beneficial.
When someone inherits an IRA, the particular relationship between the individual who passed away and the beneficiary dictates the available choices. When the spouse is the sole beneficiary, that person can either remain a beneficiary or become the owner of the IRA.
This presentation is a hypothetical view of financial planning items a client might see in the course of an advisory review. This is for informational purposes only and should not be construed as an investment recommendation or solicitation. Please consult a financial professional to discuss your individual situation prior to making any investment decision.
The most significant change, though, is how it treats non-spouse beneficiaries. Previously, non-spouse beneficiaries could “stretch” their required withdrawals over their lifetime. For example, a 40-year-old successful doctor who received a substantial sum from their mother’s IRA could take their required amount over their lifetime.
This presentation is a hypothetical view of financial planning items a client might see in the course of an advisory review. This is for informational purposes only and should not be construed as an investment recommendation or solicitation. Please consult a financial professional to discuss your individual situation prior to making any investment decision. Cambridge does not offer tax or legal advice.
Securities are offered through Cambridge Investment Research, Inc., a Broker-Dealer, member FINRA/SIPC. Investment advisory services are offered through Cambridge Investment Research Advisors, Inc., an SEC Registered Investment Adviser.
