Five Questions Edison Retirees Wish They Had Asked Themselves

Transcription

1 Five Questions Edison Retirees Wish They Had Asked Themselves 4 of 5

2 Robert Katch Chief ment Officer Founded Manchester Financial in 1990

3 Retirement is Personal.

4 Question #4: How can I access my money?

5 Retirement Plan Decisions Lump-Sum/Cash Balance Plan Rollover to 401k or IRA Edison 401k Savings Plan Cash it Out & Pay Tax Keep it in 401k Savings Plan Qualified Plan Rollover (New Employer)

6 Retirement Plan Decisions Special Tax Rules NUA Net Unrealized Appreciation Edison Stock in Your 401k More Beneficial with Lower Purchase Price Allows Capital Gains Treatment Does Not Roll into IRA Other Provisions Apply

7 Retirement Plan Decisions Special Tax Rules Age 55 Rule Edison Changed Plan Rules Dec 31, 2009 Applied if Aged 55 to 59-1/2 No Longer Available to You

8 Direct IRA Rollover Most Frequently Used Option Avoids Immediate Taxes Avoids All Penalties Tax-Deferred Compounding Wide Selection Of ments Easy Access To Money Subsequent Withdrawals Taxed

9 Direct Rollover Process Open your Rollover IRA 2-3 months prior to retirement Transfer funds to IRA Rollover Cash, EIX, or Both Funds arrive in IRA Historically 6 weeks after retirement Create ment Portfolio

10 Question #4: How can I access my money?

11 Questions? Call Visit /edison

12 Next up: Can I retire before 59½?

13 Thank you!

14 Manchester Financial is an independent firm and is not affiliated with Edison International. This presentation has not been reviewed or endorsed by Edison International. CFP, CERTIFIED FINANCIAL PLANNER are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements. This presentation and its content are for informational and educational purposes only. If you wish to obtain further details about any information contained in this presentation, please contact us. Decisions based on information contained in this presentation are your sole responsibility, and before making any decision on the basis of this information, you should consider (with or without the assistance of an adviser) whether the information is appropriate in light of your particular situation. No information in this presentation is intended or should be construed as any advice, recommendation or endorsement from us as to any legal, tax, investment or other matter. Nothing on this presentation shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. IRS Circular 230 Disclosure To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this document is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any transaction or matter that is contained in this document. Manchester Financial maintains a copyright on all information and materials contained in this presentation.