Financial Planning Services

• Annuities – Annuities offer tax deferred growth of your investments. An annuity can also provide guarantees to protect your assets from market losses while allowing you to be invested in a variable fund.

• Rollover IRA – A Rollover IRA can be used to receive funds from a prior employer sponsored retirement plan allowing you more control of your assets. A direct rollover can be used to protect you from paying taxes and / or penalties associated with a retirement account distribution.

• Roth IRA – Roth IRAs are IRAs funded with after-tax dollars avoiding taxation upon distribution. The idea is to pay the taxes up-front to avoid paying them again while drawing funds for retirement.

• Mutual Funds – A Mutual Fund is a pool of money by which a mutual fund manager (American, Fidelity, Oppenheimer, etc.) can purchase investments. A Mutual Fund can offer specific strategies (Government Bond Fund, Global Equities Fund) or can be broad in objective (Balanced Fund). It is important to determine the fund objective which best matches your individual investment objectives.

• Estate Planning – Estate planning tools can be used to pass assets to your beneficiaries in a tax-efficient manner. It is important to have a sound estate plan in place many years before it is actually needed.

• 401(k) – A 401(k) is an employer-sponsored retirement plan which allows for both employer and employee contributions. Regulatory and investment option changes make it important to review your 401(k) plan periodically to ensure you are meeting your fiduciary responsibilities.

• 403(b) – A 403(b) is an employer-sponsored retirement plan used by a non-profit, education, or healthcare company. It is similar to a 401(k) retirement plan where both employer and employee contributions are allowed. Regulatory and investment option changes make it important to review your 401(k) plan periodically to ensure you are meeting your fiduciary responsibilities.

• Simple IRA – A Simple IRA can be a cost effective means for establishing an employer-sponsored retirement plan if you have less than 100 employees. This plan is similar to a 401(k) without some of the complex reporting / filing requirements. Regulatory and investment option changes make it important to review your 401(k) plan periodically to ensure you are meeting your fiduciary responsibilities.

• 401(k) Services – 401(k) plans can be confusing and overwhelming to plan participants. Gannon Associates can help remove this confusion. We can tailor a program that best suits the needs of your employees and will sit with each employee to help in the enrollment process.

For more information on Gannon Associates Financial Planning Products email: rwilliams@gannonassociates.com

To contact Gannon Associates regarding Financial Planning Products call toll free: 1-800-334-3671