At McFee Financial Group, it is our mission to provide clarity and guidance when facing significant financial decisions. A terminating employer plan (401(k), 403(b), 457(b), TSP, etc.) offers an opportunity to diversify investment strategies and align your retirement savings with your long-term goals. Below, we outline some options moving forward, including advantages and disadvantages, to help you make an informed decision for your Family Wealth Plan.
Cetera Wealth Services, LLC exclusively provides investment products and services through its representatives. Although Cetera does not provide tax or legal advice, or supervise tax, accounting or legal services, Cetera representatives may offer these services through their independent outside business. This information is not intended as tax or legal advice. Securities offered through Cetera Wealth Services, LLC, (doing insurance business in CA as CFGAN Insurance Agency LLC, CA insurance license # 0644976 ) member FINRA/SIPC. Advisory services offered through Cetera Investment Advisers LLC, a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. CA Insurance License # 0F70768. McFee Financial Group, Inc. is a registered investment adviser firm offering financial planning service. McFee Financial Group is not a subsidiary of nor controlled by Cetera. Personal Insurance Licensed in Minnesota #47761, IA and FL. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. Converting from a traditional IRA to a Roth IRA is a taxable event. A Roth IRA offers tax free withdrawals on taxable contributions. To qualify for the tax-free and penalty-free withdrawal or earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59 ½ or due to death, disability, or a first-time home purchase (up to a $10,000 lifetime maximum). Depending on state law, Roth IRA distributions may be subject to state taxes.
