Investment and Advisory Services
We help our clients in building portfolios that are consistent with their comfort with market volatility. We assess each client’s individual risk tolerance and customize their investment strategy to fall in line with their particular goals and investing comfort level. Day or night, our web-based technology allows clients to view all of their financial assets in a secure single location and thereby improving their understanding of the overall investment allocation and net worth.
College Saving Plans
Providing college funding for your child or grandchild is filled with options, each with its own unique set of benefits and drawbacks. Reviewing the goals and flexibility desired for the child, and your current investment composition is part of the analysis that our advisors utilize to recommend a course of action.
401(k) Rollovers
There are only a few decisions that might more significantly affect your retirement than rolling over a retirement plan. Knowing the best option for your Rollover from an Employer-sponsored plan is dependent on a few variables and your circumstance.
Shedding some light on your options.
We’ll review the do’s and dont’s of what to do with your old 401(k) and explain whether rolling it into your own personal IRA is right for you.
What is a rollover?
A rollover is a process of moving your retirement savings from your retirement plan at work (401(k), profit-sharing plan, etc.) into an Individual Retirement Account (IRA). Rolling over to an IRA allows you to keep your savings tax-deferred and typically gives you a broader choice of investments.
Please keep in mind that rolling over assets to an IRA is just one of the multiple options for your retirement plan. Each option is different and may have distinct advantages and disadvantages.
Is it right for me?
There are only a few decisions that might more significantly affect your retirement than rolling over a retirement plan. Knowing the best option for your Rollover from an Employer-sponsored plan is dependent on a few variables and your unique circumstance. We collect the facts about your plan and its options, then analyze what course of action is in your best interest.
How is my rollover invested?
Most retirement plan rollovers qualify for Vision’s Advisory services. You can learn more about those services by clicking the button below.
IRA’s
Your Individual Retirement Plan
Your retirement is essential, and so is the vehicle you use to save for it. Whether it’s tax-deferred growth, tax-free withdraws, or a balance of both, determining the correct financial vehicles for your retirement nest egg is a crucial step in planning a successful retirement.
IRA’s
A Traditional IRA for postponing taxes.
Want to put off your tax bill while you put away money for your retirement? A traditional IRA may be right for you.
A traditional IRA is an individual retirement account that lets your earnings grow tax-deferred. You pay taxes on your investment gains only when you make withdrawals in retirement. Withdraws may be subject to federal income tax, and any withdraws taken before age 59 1/2 may be subject to a 10% penalty.
CONTRIBUTIONS
If a retirement plan at work does not cover you, you can deduct the entire amount of your IRA contribution (up to $6,500 annually or $7,500 if you’re 50 or older) on your income tax return for 2023. If a retirement plan covers you, your income will dictate whether or not your contribution is deductible.
There’s no maximum income limit. You can invest in a traditional IRA no matter how much money you earn.
REQUIRED MINIMUM DISTRIBUTION
You must begin taking required minimum distributions (RMDs) from your account by April 1 of the calendar year following the year you reach age 72.
A Roth IRA for tax-free withdraws
With a Roth IRA, you get a future bonus: Every penny you withdraw in retirement stays in your pocket, not Uncle Sam’s.
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you’ve owned your account for 5 years* and you’re age 59½ or older, you can withdraw your money when you want to, and you won’t owe any federal taxes.
CONTRIBUTIONS
You can contribute the annual maximum amount (in 2023, that’s $6,500, or $7,500 if you’re age 50 or older) even if you’re covered by an employer retirement plan such as a 401(k) or a 403(b). (Some restrictions may apply.)
Contributions are non-deductible.
INCOME LIMITATIONS
Contributions may be limited by how much you earn—your modified adjusted gross income (MAGI) must be less than the annual limit set by the IRS.
Asset Allocation
Grandma always said, “Don’t put all your eggs in one basket,” and she was right. In trying to get the right mix of asset classes (stocks, bonds, cash) for your portfolio, you should be aware of the amount of volatility and level of comfort in good and bad markets. By utilizing tools from our highly respected sources, we can help in crafting your ideal portfolio.
Portfolio Management
Our portfolios are custom designed for you and your unique situation. We compile data from multiple economic and third-party analyst sources to help determine the best positioning of your investments. We review our outlook with you each quarter so that you know what you are invested in and why.
Your legacy stock positions can easily be added to any of our portfolios to help ensure you have the correct balance of upside potential and downside risk at all times.