First Investors Corporation

★★★☆☆
  • 3150 Almaden Expy

    San Jose, CA 95118

    Map & Directions
  • 408-979-8448

About First Investors Corporation

Categories
  • Securities
  • Stocks & Bonds

Finance

Finance
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FI is a terrible corp to invest with they have poorly performing funds and all they do is turna nd burn there reps they do not provide any benefits whatsoever and they are horrible check out jobvent.com

1
★☆☆☆☆

FI is a terrible corp to invest with they have poorly performing funds and all they do is turna nd burn there reps they do not provide any benefits whatsoever and they are horrible check out jobvent.com

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First Investors is truely a quality company. They always have the best interests of their clients in mind.

check them out at:
www.firstinvestors-media.com
www.firstinvestors-careers.com
www.firstinvestors-information.com
www.firstinvestors-support.com

Taking Control
You??re Doing Great?
So Far
Plans such as 401(k)s, 403(b)s, 401(a)s, governmental 457s, and DROP programs may offer a host of benefits, including tax-deferred growth and self-directed investing. Over the years, you??ve worked hard, saved wisely and the money has added up.
The Smart Way To Handle a Retirement Plan Distribution
Whether retiring, leaving your employer, or changing jobs, one of the most important decisions you may face is what to do with the funds you have accumulated in an employer-sponsored retirement plan.
At First Investors, we seek to approach this issue in the same way that we handle all of our clients?? important financial decisions: with a case-by-case personal assessment.
Stay On the Right Track
You??ve worked hard to build a retirement portfolio that will allow you to enjoy your "Golden Years." How you handle a lump sum distribution could be one of the most important financial decisions of your life. Now is the time to seek out the advice of a professional.
Examine The Options
Choices vary depending on the plan type and the policies of your old employer and??if you??re switching jobs??new employer.
Generally, you have four main choices:
1. Take the distribution in cash
2. Leave the funds where they are
3. Transfer the funds into a new employer??s plan
4. Roll the funds over (into an IRA)
Take the Distribution in Cash
Tempting, But Taxing
Taking a cash distribution from your retirement plan may seem attractive, but when carefully considered, it may not make sense:
-your employer automatically withholds 20% of the tax-deferred portion for federal income taxes.
-if you??re younger than age 59 1/2, your distribution may then be subject to a 10% early withdrawal penalty.
-your distribution may also move you into a higher tax bracket. It could have been worse. Individuals in higher tax brackets could lose half their account balance.
If the 38-year-old above had maintained his funds in a tax-deferred account, he would have benefited in two significant ways:
-First, he would have retained the full $50,000 balance of his account.
-Second, he would have the opportunity to benefit from further tax-deferred growth.
In fact, if he had left his $50,000 in a tax-deferred account with an 8% average annual rate of return, it would accumulate to almost $400,000 by age 65.1 Of course, no investment is guaranteed, but the detrimental effects of taking a hasty distribution from a retirement account are obvious.
1 Example is hypothetical only and does not represent the performance of any particular investment. Investors may lose money.
Gross distribution: $50,000
Less: Mandatory 20% federal withholding: -10,000
5% for remaining federal taxes: -2,500
10% early withdrawal penalty: -5,000
Total loss to taxes and penalty: $17,500
Amount Remaining: $32,500
This hypothetical example is for illustrative purposes only, and assumes a 25% federal income tax bracket. Also, additional state and local taxes may apply.
Leave the Funds Where They Are
Don??t Touch It
Leaving Your Money Where It Is
Pros
-Funds maintain tax-deferred status
-No current taxes or penalties due
Cons
-Access to your money may be restricted
-No further contributions are allowed
-Investment choices are limited
-Dealing with former employer can be awkward
-Paperwork is increased
-Loan privileges are likely lost
Transfer the Funds Into a New Employer??s Plan
New Job, New Plan
TransfeRring Funds Into New Employer??s Plan
ProS
-Taxes and early withdrawal penalties are avoided
-Funds retain tax-deferred status
Cons
-Investment choices are limited
-Waiting period may exist before first deposit
-Restrictions may apply on early withdrawals of transferred funds
Roll the Funds Over (Into an IRA)
Defer More Taxes, Enjoy More Growth
Pros
-Funds retain tax-deferred status
-Immediate mandatory withholding, taxes and penalties avoided on direct rollovers
-More investment choices available
-Control over investments and beneficiary designations increase greatly
-Multiple IRA accounts can be created, each with separate beneficiary
-Payout options for beneficiaries enhanced
-Improved management through consolidation
-Access to money becomes easier
-Conversion to a Roth IRA is feasible
Cons
-Loan privileges are lost
Financial Services With A Personal Touch
First Investors Corporation
95 Wall Street
New York, NY 10005
www.firstinvestors.com

5
★★★★★

First Investors is truely a quality company. They always have the best interests of their clients in mind.

check them out at:
www.firstinvestors-media.com
www.firstinvestors-careers.com
www.firstinvestors-information.com
www.firstinvestors-support.com

Taking Control
You??re Doing Great?
So Far
Plans such as 401(k)s, 403(b)s, 401(a)s, governmental 457s, and DROP programs may offer a host of benefits, including tax-deferred growth and self-directed investing. Over the years, you??ve worked hard, saved wisely and the money has added up.
The Smart Way To Handle a Retirement Plan Distribution
Whether retiring, leaving your employer, or changing jobs, one of the most important decisions you may face is what to do with the funds you have accumulated in an employer-sponsored retirement plan.
At First Investors, we seek to approach this issue in the same way that we handle all of our clients?? important financial decisions: with a case-by-case personal assessment.
Stay On the Right Track
You??ve worked hard to build a retirement portfolio that will allow you to enjoy your "Golden Years." How you handle a lump sum distribution could be one of the most important financial decisions of your life. Now is the time to seek out the advice of a professional.
Examine The Options
Choices vary depending on the plan type and the policies of your old employer and??if you??re switching jobs??new employer.
Generally, you have four main choices:
1. Take the distribution in cash
2. Leave the funds where they are
3. Transfer the funds into a new employer??s plan
4. Roll the funds over (into an IRA)
Take the Distribution in Cash
Tempting, But Taxing
Taking a cash distribution from your retirement plan may seem attractive, but when carefully considered, it may not make sense:
-your employer automatically withholds 20% of the tax-deferred portion for federal income taxes.
-if you??re younger than age 59 1/2, your distribution may then be subject to a 10% early withdrawal penalty.
-your distribution may also move you into a higher tax bracket. It could have been worse. Individuals in higher tax brackets could lose half their account balance.
If the 38-year-old above had maintained his funds in a tax-deferred account, he would have benefited in two significant ways:
-First, he would have retained the full $50,000 balance of his account.
-Second, he would have the opportunity to benefit from further tax-deferred growth.
In fact, if he had left his $50,000 in a tax-deferred account with an 8% average annual rate of return, it would accumulate to almost $400,000 by age 65.1 Of course, no investment is guaranteed, but the detrimental effects of taking a hasty distribution from a retirement account are obvious.
1 Example is hypothetical only and does not represent the performance of any particular investment. Investors may lose money.
Gross distribution: $50,000
Less: Mandatory 20% federal withholding: -10,000
5% for remaining federal taxes: -2,500
10% early withdrawal penalty: -5,000
Total loss to taxes and penalty: $17,500
Amount Remaining: $32,500
This hypothetical example is for illustrative purposes only, and assumes a 25% federal income tax bracket. Also, additional state and local taxes may apply.
Leave the Funds Where They Are
Don??t Touch It
Leaving Your Money Where It Is
Pros
-Funds maintain tax-deferred status
-No current taxes or penalties due
Cons
-Access to your money may be restricted
-No further contributions are allowed
-Investment choices are limited
-Dealing with former employer can be awkward
-Paperwork is increased
-Loan privileges are likely lost
Transfer the Funds Into a New Employer??s Plan
New Job, New Plan
TransfeRring Funds Into New Employer??s Plan
ProS
-Taxes and early withdrawal penalties are avoided
-Funds retain tax-deferred status
Cons
-Investment choices are limited
-Waiting period may exist before first deposit
-Restrictions may apply on early withdrawals of transferred funds
Roll the Funds Over (Into an IRA)
Defer More Taxes, Enjoy More Growth
Pros
-Funds retain tax-deferred status
-Immediate mandatory withholding, taxes and penalties avoided on direct rollovers
-More investment choices available
-Control over investments and beneficiary designations increase greatly
-Multiple IRA accounts can be created, each with separate beneficiary
-Payout options for beneficiaries enhanced
-Improved management through consolidation
-Access to money becomes easier
-Conversion to a Roth IRA is feasible
Cons
-Loan privileges are lost
Financial Services With A Personal Touch
First Investors Corporation
95 Wall Street
New York, NY 10005
www.firstinvestors.com

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