Retirement

 

People work for many years with the hope of retiring and hopefully be in a positions to fulfill their passions. Many times this delayed lifestyle does not work to your advantage. Our philosophy to retirement is to find balance between living a fulfilled life and eventually being able to do the big goals you have always wanted to do. In our experience, when people only focus on the delayed retirement sometime in the distant future they never signed up along the things they always dreamed because by the time they retire they are soon addressing health issues. At Arabesque Wealth Advisors we focus on the balance of life now with life in the future.

Types of Account

These are many different retirement options available for individuals and small business owners. We will help you determine what is the best option to meet your long term goals.

Individual Retirement Accounts:

  1. Traditional IRA

  2. Rollover IRA

  3. Traditional Beneficiary IRA

  4. ROTH IRA

  5. ROTH IRA (Conversion from IRA)

  6. ROTH Beneficiary IRA

  7. Coverdell Education Savings Account (Education IRA)

Business Retirement Accounts:

  1. SEP IRA

  2. Simple IRA

  3. Profit Sharing Plans

  4. 401k Plans

  5. Solo 401k Plans

  6. Money Purchase Plans

  7. 403-b Custodial Brokerage Accounts

  8. Retirement Trust Accounts

  9. Defined Benefits/ Cash Balance Plans

Trust Accounts:

  1. Living Trust Accounts

  2. Testamentary Trust Accounts

2019 Contributions Limit

Simple IRA: $13,000

Simple 401k: $19,000

SEP: $55,000

Individual 401k: $64,000

Define Benefit: $197,300