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401K, 403b & SEP

Qualified retirement plans offer numerous benefits to business owners and employees. Employers can retain talented and dedicated employees while providing an opportunity for tax deferred growth. Employers may receive a tax deduction for plan contributions, and using a profit sharing plan can allow substantial contributions to the plan. In some plans employees can defer income pre-tax and have it grow taxed deferred as well.

We understand the complexities of retirement planning and will help you become aware of your obligations as a plan sponsor and fiduciary. Compliance with IRS and Department of Labor regulations are essential to protecting your investment in a retirement plan. Whether you’re starting a new plan or would like help with an existing plan, GFBB will ensure you are getting the best value and help you maintain compliance.

Traditional & Roth IRAs

Do you know the difference between tax deferred and tax free? Are you aware of the complex provisions regarding the distribution of your IRA money? Do you know how much your IRA is costing you in management fees and expenses?

If not, let us help you navigate this important part of your retirement plan. Traditional IRAs are funded by pre-tax dollars that grow tax deferred. This means you pay no income tax on the money until you withdraw it from the plan. Roth IRAs are funded with after tax dollars but grow tax free and are not taxed when you withdraw the money. Both Traditional and Roth IRAs have contribution limits that change each year and can have penalties for unqualified withdrawals.

There has been a mass exodus from the security of “defined benefit” pension plans over the last 20 years which has forced many retirees to take control of their own nest egg. If you are retired or approaching retirement, you need to have an independent financial consultant who can help you grow your plan and find good value. If your financial advisor has not explained the nuances of IRA rollovers, death transfers, or distributions, you may un-knowingly make a costly mistake when you need the money most!

Fixed, Variable & Equity Indexed Annuities

Annuities can be a great way to leverage your nest egg and provide a guaranteed income for life. Many of today’s products are able to accomplish this without annuitization, or turning your principle over to an insurance company. The many variations available in the annuity market can be staggering, making it difficult to find the right product for you. Annuity contracts are complex, using terminology that is not always easy to understand.  “Living Benefit,” “Sub Account,” “Participation Cap,” or “Systematic Withdrawals,” are just a few of the important terms to understand when assessing what type of annuity is right for you.

Our planning approach ensures that you are not just being sold a product.  Instead, we first focus on your individual needs and then find the best solution to accomplish your goals. From our perspective, it is important that you understand your solution fully, and that you are aware of all your options. You will be pleasantly surprised when you meet with us how transparent and informational our consultants truly are.

Estate planning

If you die tomorrow, what do you want the assets you leave behind to accomplish? Many people spend weeks and months planning for a family vacation, but spend very little time planning for the inevitable. Death can tear a family apart if proper planning and foresight are overlooked during one’s life. Estate planning requires asking tough questions such as,“Do I have any children who can’t manage money well?” or “Who will manage the finances in my absence?”

Because these are tough questions, many people put off planning until it is too late, often leaving their family to deal with a burdensome tax liability and discord over desired assets. We understand the complexities of transferring your wealth to the next generation. We are not afraid to ask tough questions so that your heirs are treated fairly and as you desire.

Did you know that qualified plans such as IRAs and 401Ks will pass to the listed beneficiary even if your Will states otherwise? Simple omissions such as failing to check beneficiaries after a divorce can mean that your ex-spouse will receive your assets instead of your children. Our job is to ensure that every estate issue is given its proper consideration, to the end that your wealth passes smoothly and avoids high death taxes.

Retirement Planning

As with Estate Planning, Retirement Planning involves asking tough questions.  “Will I outlive my retirement assets?”  “How much do I need to save now so that I can retire at a desired age?”  These questions are not only tough because they are scary to consider, but can be difficult to accurately calculate.

It has been said, “If you fail to plan, plan to fail.” We utilize cutting edge technology allowing our consultants to accurately model your financial situation.  Then, by applying realistic goals and events, we create a plan which will account for unforeseen events and market fluctuations.  This ultimately allows our consultants to help you charter a straight course to a successful retirement. No matter your age or net worth, having a qualified financial planner is essential in creating a solid plan for success and having peace of mind. 

Contact us today for a free consultation regarding your Estate or Retirement Planning situation!


Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck