F.A.Q

Frequently Asked Questions

SBC Financial Services

We’ve Got Answers

At SBC Financial, there are six questions we often hear when helping individuals plan for their retirement. Scroll below to explore!

Should you have any additional questions, please don’t hesitate to contact us at (616) 965-6275 or fill out the form below.

Should I Roll Over My 401(k)?

Rolling your 401(k) over is something that should be done with a plan. You have to consider many things such as investment type, fees, income, other benefits, loans and several other areas. Then you can weigh the pros and cons to help determine where and what would be the best plan for your 401(k) investments. There are many options and rules when taking distributions from your 401(k) plan and it is important that you understand what direction you are choosing. Call us at (616) 965-6275 to learn more or fill out the form below!

What Investments Should I Choose Within My 401(k)?

Most 401(k)s are designed to put the burden of choosing investments on each employee participating in the plan. We have found that many people don’t feel comfortable that they are in the best investments in their 401(k) plan. We can help you decide which investments are right for you in your 401(k). If available, we can show you how a self directed brokerage account works within a 401(k) as well. This will give you many other investment choices rather than only choosing from investments that are available in the core account. This can remove some of the limitations in creating a portfolio that fits your needs. This allows us to work with some of our investment models that may fit your goals better than the limited options that are in many 401(k) plans.

How Can I Plan So My Money Lasts?

Many people we have talked to don’t know how long their money will last. It is very important to put together an income plan that can potentially help your money last throughout your retirement. We have spent many many hours putting together plans for others, gaining experience in this area.

When and How Should I Claim Social Security?

Not only should you look at when to claim Social Security, but also how. Social Security has thousands of rules and claiming to get the most out of your benefits can seem overwhelming. You should consider your health, your life expectancy, your wages, how much you have made, when to claim, how to coordinate with spousal benefits and what strategies are phased out or available. We love dealing with Social Security because we have the proper tools and specialization to put together a report using our software that gives you a clear income plan.

Am I Paying Too Much In Taxes?

Taxes in retirement can be a heavy burden on retirees. There are many avenues you can lower your taxes on your investment such as roth conversions, tax loss harvesting, lower provisional income, IRC Section 7702, Roth 401(k)’s and many other options. We focus on optimizing your investments for a favorable tax situation.

How Do I Address Inflation?

Inflation is something that affects all of us and determines how far our money goes each month. Inflation happens when the cost of things around us rise over time, this affects how many goods we can purchase with our money. As inflation rises, we are able to purchase less and less with a dollar. We feel it is very important to put a plan together that has a component to fight inflation. It is important to match your investments with appropriate risk but also to seek as much growth potential that is appropriate for that risk class.

I Have More Questions. What's next?

Should you have any additional questions, please don’t hesitate to contact us at (616) 965-6275 or fill out the form below.

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