Solid retirement strategies for a secure future
Saving for retirement is one of the most important investments you can make. Whether you’ve been saving since your first job or need to ramp up your efforts immediately, we’re here to help you sort through your options and chart a prudent course that factors in your current age, planned retirement age, income, risk tolerance, and more.
We collaborate with you to build a retirement strategy from a host of investment vehicles, including:
A traditional IRA may allow you to deduct your contribution from your taxes and lets your funds grow tax deferred. You are in control of your investments and mandatory withdrawals are required beginning at the age of 70 ½.
A Roth IRA invests after-tax dollars and allows them to grow tax deferred. The main benefit of the Roth IRA is that it allows you to take qualifying withdrawals tax-free after age 59 ½ if the account has existed for at least five years. No mandatory distribution is required at any age.
If you have taken full advantage of the tax benefits of a traditional and/or Roth IRA, then tax-deferred annuities may be a good way for you to set aside additional savings to secure your financial future.
If you've recently changed jobs and have a 401(k) balance in your previous employer's plan, then it's a good idea to have those investments reviewed by the Northfield Investment Services team. We can help you select the appropriate rollover option for your 401(k): leave it where it is, roll it to a new plan, roll it to an IRA, or cash it out. We'll even fill out all of the paperwork for you!
Northfield Investment Services does not provide tax or legal advice. Investors should consult their tax preparer or legal advisor regarding their individual situation.