A taxing decision
Since the earnings on that lump-sum will represent a large portion of retirement income, it must be invested wisely. Most retirees are also concerned with limiting the tax burden such a payment can impose. A “Rollover IRA” provides an answer for both concerns. This special Individual Retirement Account allows retirees to shelter lump-sum distributions from taxation until age 70½. Any income earned also accumulates tax-free in the Rollover IRA until withdrawal.
How much Sovereign remains involved in your IRA investment is a matter of choice. You can make the most effective use of our professional experience by having us manage these assets for you, ensuring that the best research, analysis and counsel are reflected in your retirement portfolio. Or, for investors who prefer to make all their own decisions, we will gladly provide efficient recordkeeping and execution of trades.
For detailed information about the many services Sovereign provides, please call your local Wealth Management Advisor.
Equal Housing Lender - Member FDIC
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