Sentences with phrase «of asset protection depending»

Not exact matches

If I transfer assets out of the Plan and into an IRA I understand that: (i) those assets will no longer be subject to the protections of ERISA, (ii) I alone will be making investment decisions about those assets and will not be able to rely on the plan sponsor or any other person with ERISA fiduciary responsibilities, (iii) depending on the investments and services selected for the IRA, I may pay more in transaction costs than when the assets are in the Plan, and (iv) if I am between the age of 55 and 59.5, I would lose the ability to potentially take penalty - free withdrawals from the plan, (v) if I continue working past age 70.5 and transferred my plan assets to my new employer's plan, I would not be subject to required minimum distribution, and (iv) if I hold appreciated company stock, I understand any potential tax benefits that may have been available to me (e.g. net unrealized appreciation).

If transferring an existing retirement plan into an IRA, you should be aware that (i) Those assets will no longer be subject to the protections of ERISA (if applicable)(ii) depending on the investments and services selected for the IRA, you may pay more or less in transaction costs than when the assets are in the Plan, (iii) if you are between the age of 55 and 59 1/2, you would lose the ability to potentially take penalty - free withdrawals from the plan, (iv) if you continue working past age 70 1/2 and transferred your plan assets to a new employer's plan, you would not be subject to required minimum distribution and (v) withdrawing assets directly would be subject to federal and applicable state and local taxes and possibly be subject to the IRS penalty of 10 % if under age 59 1/2.

(Qualified retirement plan assets may have some protection from creditors under federal and / or state law, depending on the type of plan and jurisdiction, but you would still be liable for any judgments.)

Depending on the value of your financial assets, you may even want to have the extra protection that a personal umbrella liability policy provides.

In conclusion, the best auto insurance depends on a number of factors: the value of your assets, how much risk you're comfortable with, and what protection you want.

The amount of liability insurance you need depends on the worth of your personal assets, but insurance professionals typically recommend carrying no less than $ 300,000 bodily injury protection and $ 100,000 property damage protection.

She walks clients through a strategy and solution that will provide immediate and long - term protection of their assets depending on each client's specific needs.