Retirement Planning

With Access to over 4,000 mutual funds, we'll help sort everything out.

At Kim Stanley Insurance & Financial Services, Inc. we develop and implement a program for you to help you meet your specific goals and objectives. Through our broker/dealer, ONESCO you have access to over 4,000 mutual funds!

529 College Savings Account

A 529 College Savings Account is a tax advantaged way to save for higher education. Investments accumulate on a tax free basis and can be withdrawn without tax penalty to pay for higher education. The parent or custodian maintains control of the account. Unlike traditional custodian accounts (UGMA/UTMA), the minor does not obtain rights to the assets with a 529 college savings account once they reach their age of maturity. These is not guaranteed rate of return. The risk with a 529 Plan is that the investments may not perform well enough to cover the rising cost of college. Always consider the investment objectives, risks, charges and expenses of the underlying investment carefully before investing.

Annuities

Tax Deferral: Who Benefits Most.... You or the IRS?

A variable annuity is a long term retirement savings vehicle that is an insurance contract. It allows you to allocate your investment among a number of investment options for diversification opportunities. It can perform as a supplemental personal retirement account that brings together a combination of managed investments and insurance while providing for tax defered growth potential until withdrawn. Annuity contracts can also offer unique features such as a degree of principal protection through income options, enhanced death benefit and estate enhancement benefits that can be customized to meet your needs. An annuity can also provide the opportunity for lifetime income through annuitization ... There are many types of distribution options available to an investor when taking money from an annuity. Keep in mind that taxes will be due at the time of distribution. If distributions are taken prior to 59 ½, an additional 10% federal tax penalty may apply. Investment values will fluctuate with changes in the market conditions, so that upon withdrawal, your investment may be worth more or less than the amount originally invested. Variable annuities are sold by prospectus.

Consider the investment objectives, risks, charges and expenses of the variable product and its underlying investment options carefully before investing. Call me for a prospectus, which contains this and other information about the variable annuity product and its underlying investment options. Read it carefully before investing or sending money.

IRA/SEP/ROTH

A qualified plan or IRA may be a great tax break for you ... now, while you’re alive. But after you are gone, so is the break. Excise tax, Estate Tax, Income Taxes can deplete over 60% of your tax defered savings, leaving little to provide for those you love. We can help you & your advisors design strategies to preserve more for your family ... and less for the IRS!

ONESCO offers a variety of qualified accounts. A Traditional IRA is established and funded by individual contributions that include transfers or rollovers from another financial institiution. Contributions and earnings accumulate on a tax defered basis until withdrawn. Taxes will be due upon distribution, and if taken prior to age 59 ½, may be subject to an additional 10% federal tax penalty.

A ROTH IRA is funded with after tax dollars. In other words, contributions are not tax deductible like those of a Traditional IRA. However, the principal and earnings can be withdrawn 100% tax free after retirement, subject to certain requirements.

There are income limits that may apply to the amount you can contribute on an annual bases to this type of account.

A SEP IRA is a plan that lets you make contributions to an IRA on behalf of you and your employees. It is for the small business owner. Contributions and earnings accumulate on a tax defered basis until withdrawn. Taxes will be due upon distribution and if taken prior to 59 ½, may be subject to an additional 10% federal tax penalty.