Jerry (JAY) Parrish
Financial Advisor

CONNECT

Address:

5798 Parkstone Crossing Drive
Jacksonville, FL 32258

Phone:

Office: 904-634-7780
Cell: 770-608-4884

RETIREMENT

 

IRAS AND RETIREMENT SAVING PLANS. FOR INDIVIDUALS AND BUSINESSES.

The vision of quiet afternoons, leisurely vacations, and time to devote to your family and hobbies is plenty reason to start saving for your retirement. And with careful planning, you should be able to live the way you want – both today and after retirement – without worrying about financial security.

INDIVIDUAL PLANS

Saving for retirement requires careful planning and systematic saving. JLP Investments is committed to helping individual investors develop a strategy that will meet their unique retirement goals.

MORE INFORMATION

How much should you save now to work toward that comfortable retirement in the future? If you’re investing in a 401(k), do you need an IRA, too? And what’s the difference between a traditional IRA and a Roth IRA? These are just some of the questions you’ve probably asked yourself. We’re here to help answer them.

Among other things, saving for retirement requires careful planning and systematic savings. But besides working toward the retirement you’ve always dreamed of, contributing to a retirement plan has benefits you can enjoy today such as helping to lower your tax bill and watching your earnings grow tax-deferred.* Depending on what you choose, most retirement plans also offer great flexibility, so your contributions can be invested to help you meet personal objectives.

At JLP Investments, we want to help you to achieve your financial goals and live the retirement of your dreams. Contact us to discuss which retirement plan makes the most sense for you.

CHOOSING THE RIGHT IRA FOR YOU

  • Traditional IRA
  • Roth IRA

EMPLOYER SPONSORED PLANS

  • 401(k)
  • 403(b)
  • 457(b)
  • Taft Hartley Plans

If you would like a consultation to see if any of the above plans is right for you, please contact us for more information:

 

* Consult your tax adviser for more details. Distributions before 59 ½ may be subject to a 10% IRS penalty and income taxes on earnings.

 

BUSINESS PLANS

Business owners face many challenges when it comes to providing for the future for themselves, their families and their employees. Whether you are your only employee or the employer of many, JLP can help you create a strategy that will help everyone reach their retirement goals.

More Information

When it’s time to choose a retirement plan for your business, how do you know where to begin? Why not choose the company that does more than just show up at enrollment time and then disappear? We are there to help with plan facilitation for all of our clients.

In addition, we provide education and administrative support to plan sponsors and all employees. It’s important that people understand their retirement plan because to us, whether you have one or many employees, the plan you choose will only be a success if every participant reaches his or her retirement goal.

Deciding which plan works best for your company is easier when you break it down into two categories – those with employees and those without.

COMPANIES WITH NO EMPLOYEES

If your business has no employees except your spouse, your choice depends upon these questions: How much do you need to save for retirement? And how much of a tax deduction would you like for this year? There are three plans that may meet your needs:

  • SEP IRA
  • Owner-only 401(k)
  • Owner-only Defined Benefit

COMPANIES WITH EMPLOYEES

If you have employees, you face two key questions: How much can you contribute for yourself? And what is the appropriate amount to contribute for your employees? There are two basic choices:

  • SIMPLE IRA
  • Safe Harbor 401(k)

More Complex Options Include:

  • Multi Employer Plans
  • 401(k) Plans
  • 403(b) Plans
  • 457(b) Plans
  • Define Benefit Plan
    • Cash Balance Plan
  • Profit Sharing

If you would like a consultation to see if any of the above plans is right for you, please fill out our “Manage My 401(k)” form:

VIRTUALLY ALL RETIREMENT PLANS OFFER THREE KEY FEATURES:

TAX-DEFERRED EARNINGS

When you invest in a “tax-qualified” retirement plan, you’ll pay no taxes on your earnings until you start taking withdrawals. Consequently, your earnings can grow faster than they would if placed in an investment on which you paid income taxes every year.

TAX-DEDUCTIBLE CONTRIBUTIONS

Because you generally put “pre-tax” dollars into your retirement plan, your plan contributions will lower your adjusted gross income. As a result, you may lower your annual tax bill.

A VARIETY OF INVESTMENT OPTIONS

You can fund your retirement plan with an array of investments: stocks, bonds, mutual funds, government securities and more.

OTHER OPTIONS INCLUDE:

  • 401(k) Plans
  • 403(b) Plans
  • 457(b) Plans

YOUR COMPANY PLAN, YOUR WAY

Once you’ve chosen the right retirement plan for your business, we’ll be there to provide comprehensive education on retirement planning and investing – and to answer any questions or concerns you or your employees may have. We’ll let you know when it’s a good time to review your plan as well – and the plans of your employees if you have them.

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Check the background of this financial professional on FINRA's BrokerCheck