IRA Information Lincoln NE

A key advantage of the Roth IRA in Lincoln is that the earnings from the plan are tax-free when withdrawn as long as certain conditions are met. Traditional IRAs offer tax deferment (as do Roth IRAs), but taxes must be paid when the money is withdrawn.

Mr. Curt R Levalley, CFP®
(402) 434-4196
1248 O Street
Lincoln, NE
Firm
Wells Fargo

Data Provided by:
Mr. Daniel B. Lovercheck, CFP®
(402) 483-7800
6710 L St
Lincoln, NE
Firm
Lovercheck Financial Services
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: Not Applicable

Average Income: $50,001 - $100,000



Data Provided by:
Mr. Robert J Rossi, CFP®
(402) 489-9375
211 S 84th St Ste 110
Lincoln, NE
Firm
Rossi Financial Services
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Investment Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000



Data Provided by:
Mr. Robert B. Lau, CFP®
(402) 420-8500
1248 O St Ste 890
Lincoln, NE
Firm
D. A. Davidson & Co
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
Ms. Diane E. Rolfsmeyer, CFP®
(402) 435-7211
3744 Woods Ave
Lincoln, NE
Firm
Diane E Rolfsmeyer, CFP

Data Provided by:
Mr. Kurt S. Anderson, CFP®
(402) 465-3800
6940 O St
Lincoln, NE
Firm
RBC Wealth Management
Areas of Specialization
Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Steven R. Tonkin, CFP®
(402) 483-6661
5625 O St
Lincoln, NE
Firm
Woodbury Financial
Areas of Specialization
Asset Allocation, Charitable Giving, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Retirement Income Management
Key Considerations
Average Net Worth: $100,001 - $250,000

Average Income: Not Applicable



Data Provided by:
Andrew J. Benton Ii, CFP®
(402) 465-3810
6940 O St Ste 400
Lincoln, NE
Firm
RBC Wealth Management®
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning

Data Provided by:
Mr. Jeffrey W. Smalley, CFP®
(402) 467-6916
5900 O St
Lincoln, NE
Firm
Ameritas Investment Corp

Data Provided by:
Michael Collins
6600 O Street
Lincoln, NE
Service
Wealth Engineering,Pension for Highly Compensated Owners,Stock Market Alternative,Reverse Mortgage,Disability Insurance,Retirement Planning,Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Fee-Only Comprehensive Financial Planning,Portfolio Engineering,Mortgage Refinancing,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Investme

Data Provided by:
Data Provided by:

IRA Information

With pensions becoming less and less common, and Social Security’s future in question, it’s never been more important to think about retirement well in advance. For those whose employers offer 401K plans, they are usually the easiest and most convenient way to save for retirement. But will your 401K yield enough money to see you through your golden years? And what if there is no 401K plan available to you?

Whether you have yet to set up a retirement plan or need to supplement your 401K, an Individual Retirement Account, or IRA, can help. Available from many financial institutions, IRAs are quick and easy to set up. Most require a minimum initial investment, but some firms offer no or low minimums.

The most obvious difference between an IRA and a 401K is that while 401K plans are offered through employers only, IRAs are available to anyone with earned income. But there are several other differences. These include:

  • Money contributed to a 401K plan comes from pre-tax earnings. Contributions to an IRA are made from money that is generally subject to taxation. This is offset somewhat by the fact that IRA contributions are tax deductible if certain requirements are met.
  • There is a lower limit to the amount that one can contribute to an IRA. In most cases, this limit is $5,000 per year for individuals or $10,000 for married couples.
  • An IRA does not offer the benefit of matching funds from your employer like a 401K does. This is the biggest reason why most of those who have access to a 401K plan put as much money as possible into it before considering an IRA.
  • The most common types of IRAs are the traditional IRA and the Roth IRA. A Roth IRA offers unique tax and distribution benefits, but only taxpayers with an adjusted gross income below the current limit may open one. It is also unavailable to those whose tax filing status is “married filing separately.”

    A key advantage of the Roth IRA is that the earnings from the plan are tax-free when withdrawn as long as certain conditions are met. Traditional IRAs offer tax deferment (as do Roth IRAs), but taxes must be paid when the money is withdrawn. A Roth IRA also allows the flexibility of being able to take distributions at any age, whereas traditional IRA distributions must start by the age of 70½.

    With today’s changing financial landscape, IRAs have become a more attractive option than ever. They allow us to save more money than we could with a 401K alone, and provide an option for those who do not have access to 401K plans. By taking advantage of an IRA, we can avoid leaving our retirement finances to chance.

    Click here to read more from TheAdvice.com