Call us at 931.431.3315 (please note, this number is voice only and does not accept text messages) and speak to our Wealth Management Team. We can't wait to get to know you and help you build a plan that aligns with your values and helps you reach your financial goals.
Picture your dream retirement. Whether you’re sipping a cold beverage on a warm beach, surrounded by giggling grandchildren in your family home, or checking cities off your bucket list one-by-one, getting there starts right here. Our financial planning team, registered representatives of Osaic Institutions*, can guide you steadily toward that ideal future with retirement budgeting strategies you can put in motion now.
An IRA, short for Individual Retirement Account, is a long-term investment and savings account that helps you put away funds for retirement. With an IRA, you can build up your own independent nest egg, whether or not you have access to an employer-funded 401(k). That’s what we call taking your future into your own hands.
May be appealing if you don’t qualify for tax-deductible contributions to a Traditional IRA, or if you feel strongly about minimizing taxes and preserving your assets during retirement.
The Traditional IRA is a great option if you’re interested in keeping your yearly tax bill lower while you’re still working.
That's ok. That's why we are here. Email our team your questions and we can help you build your own retirement roadmap. Members should consult a tax advisor for additional tax information.
If your employer offers a 401(k) plan, you can choose to redirect a portion of your income to the 401(k) for retirement savings. The money you put toward your 401(k) won’t be taxed until you start to receive payments from the plan — usually once you’re enjoying your retirement.
What happens to my 401(k) if I leave my job?
Generally, when you leave your employer, you forfeit all employer-made contributions to your 401(k) that are not yet vested. Contributions from your employer become “vested,” aka become all yours, over a period of time, typically around six years of service. However, all of the money you contribute yourself is vested from the get-go (win), so no matter how long you plan to stay with your employer, taking advantage of your 401(k) right away — especially if the employer matches any percentage of your contributions — is a smart move.
Whether you stay at your job for 30 years or leave early, our team can help you maximize the value of your 401(k).
While IRAs and 401(k)s are designed to help you put away money for retirement, you can also prepare for the future — and make the most of your retirement — with Income Strategies. An Income Strategy is a plan to configure your income, savings (retirement savings included), and assets so they can support you during your retirement.
To create an income strategy, our financial planning staff can help you:
Assess your current and planned expenses
Evaluate future sources of income (including retirement plans)
Identify and account for potential gaps between income and expenses
Anticipate essential and nonessential expenses in retirement
Position your assets to generate income
Uncover new sources of income, both passive and active
We believe money management guidance should be holistic, free, and personal. If that sounds like what you are looking for, give us a call at 931.431.3315 (please note, this number is voice only and does not accept text messages).
*Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Fortera Wealth Management is a trade name of Fortera Credit Union. Osaic Institutions and Fortera Credit Union are not affiliated. Products and services made available through Osaic Institutions are not insured by the NCUA or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by an credit union or credit union affiliate. These products are subject to investment risk, including the possible loss of value. For more information, please visit http://www.finra.org/ or http://www.sipc.org/. Members should consult a tax advisor for additional tax information.