Some IRA planning and investment strategies may appear easy to execute, but errors can lead to unexpected taxes or penalties, loss of the IRA’s tax-exempt status, and even disinherited beneficiaries. Where can things go wrong? Here are five common IRA misconceptions, as well as tips for making a more informed choice.
If you’re like most people, you’ve saved for retirement in multiple ways, including employer plans and individual retirement accounts (IRAs). As you approach retirement, it may make sense to consolidate all of your savings into one account to achieve a coordinated investment plan.Why consolidate?Consolidating your retirement accounts offers several potential benefits:
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2279 Valleydale Road, Suite 210
Birmingham, AL 35244
Office: 205.970.9088
trent@grinkmeyerleonard.com
2279 Valleydale Road, Suite 210
Birmingham, AL 35244
Office 205.970.9088
trent@grinkmeyerleonard.com
Trent Grinkmeyer, Valerie Leonard, Jamie Kertis, and Caleb Bagwell are Registered Representatives and Investment Adviser Representatives with/and offer securities and advisory services through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through Grinkmeyer Leonard Financial or CES Insurance Agency. This communication is not intended to replace the advice of a qualified tax advisor or attorney. This communication is strictly intended for individuals residing in the following states: AL, CO, FL, GA, KY, LA, MA, MD, MS, OK, PA, SC, TN, TX. No offers may be made or accepted from any resident outside of these states due to various state regulations & registration requirements regarding investment products & services. Please review our terms of use here: http://www.commonwealth.com/termsofuse.html