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Retirement Plans

Retirement planning is essential to securing a level of comfort for you and your family when you retire. The most important steps towards a happy retirement are saving and investing. Whether you want to travel, pick up a new hobby, or just relax in your retirement, it's important to plan for those "golden years".

We can help you plan for your retirement years with a wide variety of investment vehicles and insurance products.

IRAs
Individual Retirement Accounts were established by the federal government to encourage people to save for their retirement by providing a variety of tax advantages.

Traditional IRA
Contributions up to $2,000 annually may be deductible, and your earnings are not taxed until you start withdrawing money.

Roth IRA
For many people, a Roth IRA may offer greater tax savings and withdrawal flexibility than a traditional IRA. Eligibility depends on income.

Simple IRA
SIMPLE IRA plans are retirement vehicles, maintained on a calendar year basis, for small employers (no more than 100 employees earning at least $5,000 for the preceding year), which permits contributions under a qualified salary reduction agreement.

Annuities
Annuities provide a series of payments that typically start at retirement and continue for the rest of the contract owner's life.

401(k)
A 401(k) plan allows you choose an amount of income you'd like to "send to the future," or defer annually, while having no effect on your Social Security payments or benefits. You can also transfer the 401(k) from job to job and access it when you need to.

One key advantage of a 401(k) is that it may even lower your current tax bracket.

76 South Central Ave Valley Stream, NY 11580 P: (516) 284-0118 F: (516) 791-7272