190 W. Huffaker Ln., Suite 405 
Reno NV 89511

Toll Free: (866) 876-1777

IRA/ROTH/401k and 401k/IRA Rollovers

First WallStreet Financial Advisors offers a wide variety of retirement plan solutions, from establishing a traditional IRA to helping your company implement a new 401k plan. We also offer ROTH IRA, KEOGH plans and SEP IRAs. If you have had a change in employment or if you are not happy with your current retirement plan, consult with your investment professional about rolling over your existing 401k or IRA to a First WallStreet Financial Advisors self-directed retirement plan.*

*Certain fees may apply.

Traditional IRAs are primarily tax-deferred retirement plans. Traditional IRA holders are taxed on deductible IRA contributions, plus all earnings, when distributions are taken.

1. Contributory IRA

The Contributory IRA is the basic IRA to which you can make annual contributions to the lesser of $5,000 or 100% of your compensation. Account holders age 50 or older may contribute an additional $1,000. Earnings grow tax-deferred. Contributions may be either deductible or nondeductible depending upon an individual's active participation in an employer-sponsored retirement plan and modified adjusted gross income.

2. SEP IRA

The SEP IRA is an individual IRA that receives Simplified Employer Pension contributions. The election to adopt a SEP Plan is done exclusively by the employer. Under a SEP Plan, each eligible employee must establish a separate SEP IRA account. Once the assets are deposited in the SEP IRA, traditional IRA rules apply. Many individuals make their annual contributions to the same IRA into which their employer makes the SEP contribution.

3. Rollover Holding/Conduit IRA

The Rollover Holding/Conduit IRA is is designed to preserve tax benefits for a person who is receiving a distribution from a qualified retirement plan. At some point in the future, funds in this account may be rolled back into another qualified plan as long as the rollover funds have not been tainted (commingled) with non-rollover funds. Since EGTRRA legislation in 2001 many Rollover IRAs are no longer necessary. Federal law now permits funds from a contributory IRA to roll into a qualified retirement plan. Therefore there is no longer a need to keep assets separate.

Uniform Lifetime Table

IRS regulations require that you take minimum distributions from your IRA and/or other qualified retirement plans when you reach age 70 1/2. Your required minimum distribution (RMD) is calculated by dividing your previous year-end balance by your life expectancy factor. Use the Uniform Life Chart to determine your required minimum distribution if you are the original account holder of an IRA (not a beneficiary) and your sole primary beneficiary is not a spouse more than 10 years younger than you. If either of these two exceptions apply, please contact your Investment Executive for assistance in calculating your required minimum distribution

First WallStreet Financial Advisors does not provide tax or legal advice. Please consult with your own tax and legal advisors before taking any action that would have tax consequences.

Investment advisory services and securities offered through Cetera Advisors LLC (doing insurance business in CA as CFGA Insurance Agency), member FINRA/SIPC. Cetera is under separate ownership from any other named entity.

190 W. Huffaker Ln., Suite 405, Reno, Nevada 89511 United States

This site is published for residents of the United States only. Financial Advisors of Cetera Advisors LLC, may only conduct business with residents of the states and/or jurisdictions in which they are properly registered. Not all of the products and services referenced on this site may be available in every state and through every advisor listed. For additional information please contact the advisor(s) listed on the site, visit the Cetera Advisors LLC site at www.ceteraadvisors.com.

Online Privacy Policy | Privacy Promise | Business Continuity | Important Disclosures | Order Routing

 

Website Design For Financial Services Professionals | Copyright 2018 AdvisorWebsites.com. All rights reserved