IRA Accounts

Atlantic Financial's IRA accounts (Roth | SEP | Traditional | Educational) have the widest selection of investment options including stocks, bonds and over 18,000 mutual fund choices.

1. Call 1-800-559-2900 during business hours (9:00am-6:00pm EST) and one of our representatives will be happy to assist you.
   
   

2. Please go to Atlantic Financial's New Accounts page, and use our on-line New Standard Account Application or download an IRA Account Application (PDF), and then follow the instructions for submitting it.

If you would like assistance rolling over an existing retirement plan, opening a new IRA account or have any questions please call Atlantic Financial toll free at 800-559-2900, email Atlantic Financial (please be sure to include your name and phone number in your email) or submit this form to contact Atlantic Financial.

See Also 401k to IRA Rollovers

• Keep retirement plan assets growing tax deferred
• Avoid penalties for early distributions from employer-sponsored retirement plans
• Penalty-free early distributions prior to age 59½ for certain purposes, including:
  • first-time home purchase expenses ($10,000 lifetime limit)
  • qualified higher education expenses
  • certain medical expenses in excess of 7.5% of adjusted gross income 
  • certain unemployment expenses
  • death and disability
• Can subsequently roll over into new employer’s plan if permitted
• Expand investment options
• Can consolidate retirement accounts with ease for greater control
• Available to job changers who have assets in a qualified retirement plan
• Available to individuals who are retiring and have assets in a qualified retirement plan
• Available to participants in terminating qualified retirement plans

Key MFS® advantages

(Atlantic Financial proudly offers mutual funds from several leading fund companies including MFS, Atlantic Financial is not affiliated with MFS)

• More than 60 mutual funds to choose from, including four risk/reward based asset allocation funds and five target-date based asset allocation funds
• Flexibility in the event that an IRA owner has not fully considered his or her beneficiary progression*
• Global asset management expertise of MFS
• Account and fund information access via the Internet and telephone
• Customer service representatives available from 8 a.m. to 8 p.m. ET, Monday through Friday

*If an MFS IRA owner has not named a beneficiary at the time of his or her death, the MFS IRA Default Beneficiary Progression feature enables the IRA owner’s surviving spouse to become the beneficiary. If there is no surviving spouse, then any children of the IRA owner would be equal beneficiaries. If there is no surviving spouse or descendents, the IRA owner’s estate becomes the beneficiary of the account.

Contribution limits

• Up to 100% of the distributions from the qualified plan
• May be opened as a direct rollover or distribution check may be payable to participant and then deposited into the Rollover IRA
• If distribution is payable to participant, no more than 60 days may elapse between the distribution and the investment into the Rollover IRA

How a Rollover works
Example: Kim is changing jobs. She has been contributing to her workplace retirement plan over the past 10 years and has accumulated $50,000. She has decided to roll her assets into an IRA. The chart demonstrates that over 30 years her assets grew tax deferred to $301,129 and provided a benefit of $202,408 after taxes. This example is based on lump-sum withdrawals, 2005 federal tax rate, and a 5% state tax rate. ctual results will vary based on withdrawal method and tax rate at withdrawal.

Quick Retirement Facts

Source: Department of Labor. Visit www.labor.gov/ebsa/publications to read more about retirement planning and options. You can also visit the Social Security Administration website at www.ssa.gov for additional advice.

Contact Atlantic Financial

For more information or to have us answer any questions you may have, please call 1-800-559-2900,
email Atlantic Financial, see our contact Atlantic Financial page, or use this short form to contact us:

Financial Planning and Investment Services

Atlantic Financial has been serving clients since 1994.  Atlantic Financial enjoys a solid reputation for service, selection and value. We can review your wealth management plan, assist with your or 401k / IRA Rollover and assist you with global wealth management.