The Five Most Common Mistakes
People Make With Their 401 (k)’s
And IRA’s
…And How They May Cost You!
www.InvestmentAdvisor...
Mistake #1:
Paying unnecessary or accelerated Federal, estate taxes, income
taxes, probate fees and expenses

How to avoid...
Mistake #2
Losing the ability to stretch tax advantages over extra decades.

How to Avoid:
Name living children and grandc...
Mistake #3
Outdated beneficiaries.

How to Avoid:
Set up an interview with your financial professional to update
beneficia...
Mistake #4
Having 401 (k) and IRA funds in assets not matching retirement needs.

How to Avoid:
Meet with your financial p...
Mistake #5
Leaving retirement plan assets with company after retirement or
separation.

How to avoid:
All it takes to solv...
What’s next?
1. Make changes on your own.
2. Bring this information to your advisor and make the needed
changes.
3. Allow ...
Thank you for your time and attention.

www.InvestmentAdvisorMN.com
Investment Advisory Services offered through Global Fi...
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5 Mistakes People Make with their 401 (k)/IRA

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5 Mistakes People Make with their 401 (k)/IRA

  1. 1. The Five Most Common Mistakes People Make With Their 401 (k)’s And IRA’s …And How They May Cost You! www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  2. 2. Mistake #1: Paying unnecessary or accelerated Federal, estate taxes, income taxes, probate fees and expenses How to avoid: Just name a designated beneficiary — defined as a living person — or a trust to be a designated beneficiary. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  3. 3. Mistake #2 Losing the ability to stretch tax advantages over extra decades. How to Avoid: Name living children and grandchildren as beneficiaries and contingent beneficiaries www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  4. 4. Mistake #3 Outdated beneficiaries. How to Avoid: Set up an interview with your financial professional to update beneficiaries. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  5. 5. Mistake #4 Having 401 (k) and IRA funds in assets not matching retirement needs. How to Avoid: Meet with your financial professional so they can assist you in matching financial, insurance, and annuity products with your retirement needs. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  6. 6. Mistake #5 Leaving retirement plan assets with company after retirement or separation. How to avoid: All it takes to solve this mismatch is to complete a tax-free rollover of company plan assets into an IRA. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  7. 7. What’s next? 1. Make changes on your own. 2. Bring this information to your advisor and make the needed changes. 3. Allow me to help you. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.
  8. 8. Thank you for your time and attention. www.InvestmentAdvisorMN.com Investment Advisory Services offered through Global Financial Private Capital, LLC, an SEC Registered Investment Advisor. Insurance and Annuity product guarantees are subject to the claims-paying ability of the issuing company, and are not offered through Global Financial Private Capital.

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