Opt For A Credible Financial Specialist In The USA
With the global financial markets becoming very volatile and economic growth around the world becoming slower, many individuals are concerned whether they have enough money for their retirement. Moreover, these people feel that retirement should give them the opportunity to enjoy the benefits of years of hard work and investment planning. However, the financial markets are full of attractive retirement investment schemes each claiming to provide lucrative returns. Finding the appropriate investment scheme that caters to their needs can be a challenge for these investors. In such a situation, they need assistance of proficient financial experts like Steve Liefschultz to guide them on making the right investment decision.
Steve Liefschultz is a prominent financial expert from Minnesota on whom the individual and corporate enterprises rely on when it come to handling their investment portfolio and retirement plans. He is both the Chief Executive Officer and Chairman of Equity Bank. He has a wealth of experience and in-depth knowledge in the intricate working of financial markets. He and his team of competent financial professionals have earned the trust, confidence and goodwill of the people in the region because of their expertise, professionalism and excellent customer service. The Steve Liefschultz Minnesota office is the first choice for many investors in town.
Steve Liefschultz’s cordial nature overwhelms clients who meet him for the first time, which they say is rare among most professionals of his status. During his discussions with these clients, he insists on giving them a patient hearing to assess their needs and expectations before making any suggestions. He says that this is necessary because in any investment scheme including retirement plans, the needs and expectations of two different investors are always unique and can never be identical.
Steve Liefschultz emphasizes that there are three types of individual retirement plans that investor can opt for. Each of these retirement plans have their own set of benefits and drawbacks along with specific tax incentives. These include traditional individual retirement accounts, non-traditional individual retirement accounts and Roth individual retirement accounts.
Mr. Liefschultz says that under traditional individual retirement account, an individual has to deposit four thousand a year until he/she reaches the age of seventy years and six months. Under specific provisions of this scheme, it is possible for people above the age of fifty to make an additional contribution of fifty dollars every year. These contributions are not taxable until the individual withdraws the amount at the time of his/her retirement. The contributions made by the individual’s employer along with the investments made are also not taxable under this scheme.
Mr. Liefschultz goes on to say that under the non-traditional individual retirement scheme, an individual’s contribution is taxable every year until the date of his/her retirement along with the earnings on investments. However, the lump sum withdrawn by the individual at the time of retirement is not chargeable to tax. Moreover, other benefits under the scheme are similar to those of traditional individual retirement account. Under the Roth individual retirement plan, individual contributions are also taxable but not the lump sum that individual withdraws at the time of his/her retirement. Moreover, individuals also enjoy tax-deferred growth under this plan.
Therefore, if you are looking for a retirement scheme that suits your need, visit the Steve Liefschultz Minnesota office today!