With over 10,000 different mutual funds and thousands of other investment choices, it's easy to get lost in the maze of available options. Whether you are looking to roll over an old 401(k) plan, planning for retirement or just saving for a rainy day, Penn Rise Advisors would like to help you achieve your financial goals and protect your assets. We can design a custom plan to suit your individual needs and goals.
Some of the products and services we provide include:
A type of security that signifies ownership in a corporation and represents a claim on part of the corporation's assets and earnings.
A debt investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period of time at a fixed interest rate. Bonds are used by companies, municipalities, states and U.S. and foreign governments to finance a variety of projects and activities. Bonds are commonly referred to as fixed-income securities and are one of the three main asset classes, along with stocks and cash equivalents.
An investment vehicle that is made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors.
- Traditional IRA
An individual retirement account (IRA) that allows individuals to direct pretax income, up to specific annual limits, toward investments that can grow tax-deferred (no capital gains or dividend income is taxed). Contributions to the Traditional IRA may be tax-deductible depending on the taxpayer's income, tax-filing status and other factors.
A Roth IRA is a retirement savings account that allows your money to grow tax-free. You fund a Roth with after-tax dollars, meaning you've already paid taxes on the money you put into it. In return for no up-front tax break, your money grows and grows tax free, and when you withdraw at retirement, you pay no taxes.
A transfer of funds from a retirement account into a Traditional IRA or a Roth IRA. This can occur either through a direct transfer or by a check, which the custodian of the distributing account writes to the account holder who then deposits it into another IRA account.
- College Savings Accounts / 529 Plans
Individual Retirement Plans and Investments from Penn Rise Advisors
A 529 College Savings Plan is a plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. The prepayment may be in the form of a contribution to an account established specifically for paying higher educational expenses. There is no income restriction for individuals who want to contribute to a 529 plan; however, because contributions cannot exceed the amount that sufficiently covers the expenses of the beneficiary's qualified higher education, individuals should take care not to over-fund the 529 plan.
A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years.
- Brokerage Accounts
An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf.
- Alternative Investment Options
An investment that is not one of the three traditional asset types (stocks, bonds and cash). Most alternative investment assets are held by institutional investors or accredited, high-net-worth individuals because of their complex nature, limited regulations and relative lack of liquidity. Alternative investments include hedge funds, managed futures, real estate, commodities and derivatives contracts.
- Financial Planning
A comprehensive evaluation of an investor’s current and future financial state, using currently known variables to help predict future cash flows, asset values and withdrawal plans.
- Fee Based Advisory Services
Fee-based financial planners are registered investment advisor representatives that will usually charge a flat or hourly fee for financial plans or advice, or a percentage of assets under management for their services.
We will work with you to design a financial roadmap to navigate through your life. Whether you are just starting out, an experienced investor or looking to secure retirement, let Penn Rise Advisors solve all of your investment needs.
Want to learn how an IRA or Roth IRA works?
Read more at INVEST IN YOUR FUTURE: Benefits of an IRA