The document outlines 5 common mistakes people make with their 401(k)s and IRAs: 1) Paying unnecessary taxes by not naming beneficiaries, 2) Not stretching tax advantages by naming only non-relatives as beneficiaries, 3) Having outdated beneficiaries, 4) Having retirement funds not matching needs, and 5) Leaving funds with former employers. It provides tips to avoid each mistake such as naming beneficiaries, updating them, and rolling funds over to an IRA. The document encourages bringing this information to an advisor to make changes.

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. 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. 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. 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Outdated beneficiaries.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. 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. 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. 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. 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.