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At Bank of Canton, our Infinex Financial Advisor, Brian Allsop, can help with all your retirement needs. |
Our Infinex Financial Advisor will take time to meet with you to discuss your retirement plans and determine your financial retirement needs. He will then compare this to what you have in income from current plans and Social Security and create an investment strategy that suites your individual needs.
Brian will find the best products for you. He is an unbiased and objective resource that is uninfluenced by anything other than how to put all the elements of a successful plan together in a way that is best for his customers. He can offer many investment vehicles, as aggressive or conservative as you want to be. Some of the account types he offers are:
Traditional IRA
A Traditional IRA is a plan that may allow you to deduct your contribution from your taxes* and allows your funds to grow tax deferred. You are in control of your investments and mandatory withdrawals are required beginning at the age of 70 ½.
The total annual contribution is typically limited to the lesser of $3,000 or 100% of compensation* and the account may be opened any time between January 1 of the current year until due date of tax return without extensions.
ROTH IRA
A ROTH IRA is a plan that invests after-tax dollars and allows them to grow tax deferred. The main benefit of the ROTH is that it allows you to take qualifying withdrawals tax-free. In addition, there is no age for mandatory distribution and you are in control of your investments.
The total annual contribution is typically limited to the lesser of $3,000 or 100% of compensation* and the account may be opened any time between January 1 of the current year until due date of tax return without extensions.
Tax Deferred Annuities
Once you have taken full advantage of the tax benefits of a Traditional and/or ROTH IRA, you may still want to make additional deposits planned for your retirement. In this case, you may use a tax-deferred annuity to contribute extra money for your financial future.
Rollovers
If you have recently left your job and left your 401(K) behind, it's a good idea to have the investments in the 401(K) plan reviewed. After all, your former company cannot give you advice on your funds and typically the options in these plans are limited. Our Financial Advisor, Brian Allsop, specializes in rollover management. He will meet with you to determine your investment goals and prepare a retirement plan to invest your 401(K) money that offers a wide range of investment options.
As you can see, the retirement planning process can seem complicated. Let our objective Financial Advisor help you to create a plan that works for you. Contact us today for a free, no obligation consultation.
Brian Allsop
Investment Executive
Infinex Financial Group located at Bank of Canton
Phone: (781)737-1918
Investment products and services are offered through INFINEX INVESTMENTS, Inc. Member FINRA/SIPC. Insurance products are offered through Infinex Insurance Agency of Massachusetts, Inc. Infinex and the bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
*Consult tax advisor.