IRAs

IRAs/401K Rollover/S-T-R-E-T-C-H IRAs

IRAs

COMING SOON....YOUR RETIREMENT....

Will Social Security Income be enough for all that you want to do?
Travel...Live by the Beach...Quit work....?

Start an IRA with as little as $3,000.

Or...Do something nice for the kids or grand kids for their future...
As long as they have earned income, YOU can start an IRA for them now.
When you start saving is more critical than the amount you start with. Get
started today!

Already have an IRA?
We can do a risk analysis on what you have and determine the risk level you
are comfortable with. We can work together to see if you are in the right
place based on age and risk tolerance. We can also do a S-T-R-E-T-C-H IRA
impact analysis. See below for details.

Traditional IRA VS Roth IRA Defined:

401K Rollover

Q&A: I have a 401K at the place where I work now, but plan on leaving the
company, what can I do with the money?

1. Some companies allow you to leave the money in their plan. Most people do not want to
do this, but end up leaving it there just because they do not know what else to do.

2. You can "rollover" the funds in the 401K to an IRA. Even if the amount is over the
yearly IRA contribution amount. This action puts the funds in your control. You decide what
to invest it in.

You can roll the funds from your 401K into either:

S-T-R-E-T-C-H IRA:

Want to do more to keep your IRA "in the family" ?

You could S-T-R-E-T-C-H it.

Keep the IRS from being your biggest beneficiary....

What is a stretch IRA? It is a concept of stretching your life savings over
the lives of your children and their children. Imagine 30-40 years after your
passing, your grandchildren receiving a check from your life savings every
month.

Come in for a free Stretch IRA Analysis. The impact you can have
on future generations will surprise you.

Vital Plan, Inc.

IRAs

Traditional IRA	Roth IRA
Contributions are tax deductible. Can contribute up to $4,000 of earned income, $5,000 if over age 50.	Contributions are not tax deductible. Can contribute up to $4,000 of earned income each year, or $5,000 if over age 50 if AGI (adjusted gross income) is below $95,000.
Withdrawals are taxable	Withdrawals are tax exempt
Withdrawals before age 59 1/2 are subject to a 10% penalty	Withdrawals of earnings can be taken after age 59 1/2 if the account has been open for at least 5 years. Principal can be withdrawn penalty free.
You can contribute to your spouse's IRA even if they did not have earned income as long as your earned income exceeds the total of your contributions.	You can contribute to your spouse’s IRA even if they did not have earned income if your adjusted gross income (AGI) was less than $150,000.
Required Minimum distributions are mandatory at age 70 1/2.	Your principal can be withdrawn at any time without penalty and there is no mandatory age to start making minimum withdrawals. No mandatory required distributions.

Material on this
website if for
informational
purposes only and is
not to be taken as tax
or legal or personal
financial advise.
Please consult your
financial professional
for personal advice.

Traditional IRA

Roth IRA

The deposited funds are
pre-tax dollars and the taxes
are paid at the time that the
money is taken out, usually
in retirement.

If you do this, this is called a conversion. The funds in the
401K are pre-taxed dollars so to put them in a Roth IRA you
will need to pay taxes on them. Talk to an advisor including
an accountant to determine if this makes sense for you and
if you meet that year's income guidelines to qualify for a
ROTH IRA.
There are enormous tax advantages to the ROTH IRA since
the growth in a ROTH IRA is tax exempt income at retirement.

The above is not intended as legal, tax or financial advice. Please contact an advisor for guidance for your personal situation.
Contents subject to change. Every attempt has been made for accuracy, however, we are not responsible for errors in text.

Shelly Ballard, CSA
Tarkenton Financial Representative
St. Petersburg, FL
Cell: 727-417-6107
shelly@vitalplan.com

Contact us for a free
consultation.

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