For some, retirement is near.

For others, retirement could be decades away.

 

Gabor offers a full range of retirement investment services and products such as, Roth IRAs, Traditional IRAs, Tax-sheltered Annuities, and Mutual Funds.

 

Our fully trained staff includes Chartered Life Underwriters, Chartered Financial Consultants, Certified Financial Planners, Certified Public Accountants, and Tax Attorneys.

 

ORP (Optional Retirement Plan)

The ORP is a defined contribution plan with immediate vesting.Employees may choose how to invest the money contributed by their employer.Employees may also make voluntary contributions up to IRS limitations.Deductions are taken from employee's paycheck on a tax-deferred basis.  

 

Employer will contribute 10.42% of bi-weekly gross salary to approved investment company of employee’s choice.

 

403(b)/TSA (Tax Sheltered Annuity)

Special tax-saving opportunities under Section 403(b) of the Internal Revenue Code are available to employees of educational institutions, even if they are contributing to an IRA or Deferred Compensation (IRC 457) plan.This plan allows employees to shelter a portion of their annual income by electing to have pre-taxed funds deducted bi-weekly from their paycheck. 

 

Also known as a 403(b) plan, a TSA provides a tax shelter for 501(c)(3) tax-exempt employers. Employers qualifying for a TSA may defer taxes on contributions to certain annuity contracts or custodial accounts. 

 

Roth 403(b)

A Roth 403(b) is a tax-sheltering/savings plan intended to supplement retirement income.No additional taxation will occur at withdrawal of the annuity. Employees may enroll at any time through various annuity companies. 

 

Deferred Compensation (IRC 457) Plan

These tax-deferred retirement savings plans are available to state and municipal employees. Like traditional 401(k) and 403(b) plans, the money you contribute and any earnings that accumulate in your name are not taxed until you withdraw.

 

Traditional IRA

A Traditional IRA is an individual retirement arrangement, contributions to which may or may not be deductible depending on the taxpayer's annual gross income and whether he or she is covered under an employer-sponsored retirement plan. Earnings within a traditional IRA grow tax-deferred. Distributions from a traditional IRA are taxable except to the extent they represent nondeductible contributions.

 

Roth IRA

A Roth IRA is an individual retirement account from which you can withdraw your earnings completely tax free any time after you reach age 59 1/2, provided your account has been open at least five years. However, to qualify to contribute to a Roth IRA, your income must be less than the level set by Congress. You may also qualify to convert a traditional IRA to a Roth IRA if your modified adjusted gross income (MAGI) in the year you convert is less than $100,000, whether you are single or married.

 

College Savings Plan

A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of a designated beneficiary.

 

There are two types of College Savings plans: prepaid and savings.

Prepaid plans allow one to purchase tuition credits, at today's rates, to be used in the future. Therefore, performance is based      upon tuition inflation.

Savings plans are different in that all growth is based upon market performance of the underlying investments.

 

Mutual Funds

We offer a wide range of mutual fund companies to employees who wish to contribute either to their 403(b) account, IRA, or non-qualified investment portfolio.

 

For additional coverage information, click here to have a Gabor representative contact you.