Brokerage Accounts

If you have money set aside and are trying to find the best way to manage it, brokerage accounts may be a good option for you.

Types of Standard Brokerage Accounts:
Will we discuss status of my employer sponsored retirement plan regularly?
Most definitely! An employer-sponsored retirement plan is a retirement savings plan that is sponsored by an employer and offered to employees as a benefit. These plans are designed to help employees save for retirement and are a key component of many employers' benefits packages. Part of our planning process is maximizing what your employer provides you and making sure your personal financial plan compliments what is currently set up.

What are the rules in withdrawing money from my qualified retirement plans?

Age 59 1/2 is the magic age when you can begin withdrawing from your qualified retirement plans. Any withdrawal before that age you will be penalized. At 70 1/2 you must begin withdrawals by a minimum amount called an RMD (Required Minimum Distribution). At OnPoint we take all that into account and make sure your future income is as high as possible.

What are the fees associated with a brokerage account? 
Brokerage accounts can have a variety of fees, including commissions on trades, account maintenance fees, and fees for certain types of transactions. Some brokerage firms may also charge fees for account transfers, wire transfers, and other services. It's important to carefully review the fee schedule of a brokerage account before opening an account. 

Take control of your financial future