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Financial Planning for Every Stage of Life
The Financial Professionals at Burr Capital Advisors have over 30 years experience in providing personal service and trusted guidance to clients who are retired, preparing to retire, looking to grow and preserve their wealth in retirement, or who are looking for estate and succession planning strategies. Our goal is to help you pursue financial independence on your terms by guiding you through your financial life, as well as by offering assistance in your personal life when you seek advice or need a confidant to speak to.
We are an independent, fee based financial services firm holding ourselves to a fiduciary standard providing retirement, income, and estate planning strategies to individuals and families. We are committed to maintaining the highest standards of integrity and professionalism in our relationship with you, our client. We strive to understand both your personal and financial situations at the highest level, and provide you with only the highest quality advice, information, services, and investments to help you pursue your goals.
Experiencing Job Loss?
If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also be wondering, “What should I do with my 401(k)?”
People leaving an employer typically have four options with their 401(k) retirement plan, but it’s not an all-or-nothing decision. Depending on your situation, it may be possible to engage in a combination of these options:
Leave the money in your former employer’s plan, if permitted
Roll the assets over to your new employer’s plan, if one is available and rollovers are permitted
Roll the assets into an Individual Retirement Account (IRA)
Cash out the account value
Each choice offers advantages and disadvantages. If you are uncertain what action to take with your retirement accounts, please reach out. Over the years, we’ve found the best financial decisions are the ones that consider all available options.
You also may have heard that the CARES Act waives the 10% early withdrawal penalties on 401(k) plans, giving some account owners up to three years to replace what they took out. Remember, this new legislation may not cover loans unrelated to the COVID-19 crisis.
If you have questions about what rules apply, you may want to get in touch with your former employer’s human resource team. As always, I am here to help, too.
The SECURE Act
When Do You Need a Will?
There's a lot of confusion around the new Tax Reform and Jobs Act. Luckily, we're here to help. This Ebook will tell you everything you need to know about the biggest tax overhaul in 30 years.
Acting as an advocate in support of your financial goals, we apply industry-leading techniques with a family-oriented approach. Utilizing more than three decades experience, we don’t just look to the future and building wealth — we seek to meet your current needs with individualized care. As your personal financial consultants, we will never offer you a cookie-cutter solution. We understand your goals are unique. Rely on the professionals who know your present is as important as your future. Contact us to get started.