About: George Kiratzopouios

I started selling insurance products in 1967 in NYC and moved to Florida in 1993 as a financial advisor. I provide my clients protection and financial stability. They all receive a guaranteed growth of their money with no risk. During these hard economic times many people are concerned about taxes and possibly outliving their money.  My specialty is providing enough income for my clients insuring that they will never face that problem.  If you are not satisfied with your financial picture presently. please give me a call and I will do my utmost to assist you. There is no charge for my service. I can assist you with your IRA, 401K, etc.

If you want to maintain control of your money. reduce taxes, receive a better return for your investment and are upset with mutual funds, CD rates and your present broker/financial advisor, let me help. I can be reached at 321-446-0646

Which Investment Should You consider For Your Retirement Accounts?

Stocks?                     CDs?

      Real Estate?                        Municipal Bonds?

                          Treasury Bonds?                    Mutual Funds?

In your efforts to achieve a balanced portfolio, it will often make better sense for tax-planning reasons to purchase certain assets with your IRA or qualified retirement plan money and to purchase other assets with funds outside of these plans. This article will explore some of these considerations.

For example. many of you already know that no federal, state, or local income taxes are incurred on the income received from municipal bonds. Also, income from federal treasury bonds is typically exempt from state and local taxes. If the income from these investments is already being received tax-free outside your retirement plan, does it make sense from a tax-planning position to hold these investments in a tax-deferred account?⁸ It may not, in many cases. In fact, holding these investments in your qualified account could result in a situation where your earnings will be subjected to taxes in the future.

II we assume that it¹s reasonable for a certain investor to balance his or her portfolio with some equity investments, then a purchase through an IRA or qualified plan could help this investor to achieve some tax-deferred growth on any income received. Although a gain on the sale of these investments would normally be subject  federal income taxes, these taxes can be deferred when the investments are bought and sold inside a qualified retirement account. Outside the plan, any earnings and growth are subject to immediate taxes. Inside the plan, these taxes can be deferred for many years (usually until distributions are taken at retirement).

The point of this is that it makes sense to consider income taxes when deciding what assets should be purchased with qualified and non-qualified resources. Please keep in mind that municipal bonds held outside of a qualified plan can be subject to the Alternative Minimum Tax. These bonds are usually exempt from state and local taxes, though discount bonds may be subject to capital gains tax. These bonds are also backed by the issuing state or local government. On the other hand, equity investments such as stock and mutual funds involve market risk, which includes the possible loss of your principal investment.  How you choose to allocate your investment funds is a serious decision, based upon these and other suitability considerations specific to your financial situation.

Please call if you would like more information on this - (321) 446-0646

8 of course, assets held inside a qualified retirement plan are protected assets under ERISA and federal bankruptcy law. Creditor protection is just one of a number of additional issues that should be considered when planning for retirement.