Life changes and so do your needs over time. Whether you are planning for college, saving for retirement, looking to generate income from your assets, or investing to create a legacy, the creation of a well-conceived plan may mean the difference between achieving your objectives and falling short. Here are a few options to keep in mind as an active investor:
Build saving into your budget. It’s easy to procrastinate when it comes to saving and investing. Automatically set aside funds to invest for the long-term. Contributing small amounts withdrawn at predetermined intervals can add up over time and may mean having a lot more tomorrow.
Rollovers & Consolidating
If you have recently changed jobs or experienced another significant change in your life – for instance marriage, divorce or birth of a child – you may want to consider consolidating several plans into a single account to help you take control of your total portfolio, and make it easier to manage and monitor your assets. Consolidation can also simplify your recordkeeping, tax reporting and the calculation of required minimum distributions when the time comes.
Rollovers May Provide:
- The potential for continued tax-deferred growth
- A wide variety of investment options
- Professional Portfolio Management options
Opening a Legend rollover account is simple. The process begins with a personal consultation with your Legend Financial Professional to establish an understanding of your financial situation, objectives, and expectations. Based on a thorough analysis of your needs, your Financial Professional can recommend a course of action and determine whether a rollover is a suitable option for you. Your Financial Professional can help you gather and complete the necessary paperwork to begin the rollover process and contact each of the plans and request to make a direct rollover.
Before deciding whether to retain assets in an employer plan or roll over to an IRA an investor should consider various factors including, but not limited to, investment options, fees and expenses, services, withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, possession of employer stock and reduction/elimination of guaranteed benefits from the pension plan.
Professional Portfolio Management
For investors who lack the time and expertise required to select and maintain an appropriate combination of investments, you may want to consider having your portfolio managed professionally through Legend Advisory. Legend Advisory offers programs which provide built-in diversification*, asset allocation techniques, professional investment selection and ongoing investment management through actively managed portfolios with objectives that range from conservative to aggressive. Find out which portfolio is best suited to your objectives. The portfolios are monitored regularly and reallocated as deemed necessary in an attempt to capitalize on potential market opportunities and help minimize the impact of market downturns.
*Asset allocation and diversification do not guarantee a profit or protect against a loss.
Work with a Financial Professional
Crafting your investment strategy is a team effort. Let a Legend Group Financial Professional walk you through the process every step of the way. Whether you are a beginner or have experience in the industry, The Legend Group is here for you. Our Financial Professionals have the skills, knowledge and experience to guide you in creating and implementing an effective plan designed to reflect your unique investment goals. He or she will help you determine your risk tolerance, time horizon and investment objectives, as well as choose the appropriate options to help you feel more secure and worry a little less. Your Financial Professional can meet with you periodically to review your needs and discuss any changes in your financial objectives or situation to help ensure you remain on track as your plan progresses.