The document provides information about The Legend Group, which is an investment services provider offering retirement planning, education savings, insurance, and portfolio management solutions. It details the company's history of providing quality investment solutions for nearly 50 years. Clients work with financial professionals to develop customized plans for their specific goals.
4. OUR STORY
The Legend Group is a unique investment
services provider offering quality investment
solutions for our clients for nearly 50 years.
We provide a wide variety of products to
our clients with premier personalized service
and attention. Our financial professionals
make investing easy. The Legend Group
provides investment solutions for retirement,
education savings plans, insurance needs,
income generation and professional portfolio
management.
Our history in the investment industry provides
our clients with access to valuable experience.
Having a Legend Group representative means
you have help from someone concerned with
your specific goals who can help draft a plan
that’s right for you.
We foster an atmosphere of innovation, which
means we constantly seek to improve our clients
experience with investing. We provide you with
the tools you need to easily monitor investments.
Retirement: Legend offers a wide
variety of retirement plan accounts and
provides guidance to customize a plan
that reflects your needs.
Insurance: While its primary purpose is
often protection, insurance coverage can
offer additional benefits as well.
Professional Portfolio
Management: Take your investments
to the next level with portfolios that are
diversified and proactively managed
by a team of professionals through our
investment management services.
College Savings Plans: Your Legend
representative can help you develop a
plan for one of life’s biggest expenses.
Plan Sponsor Solutions: Employers
can offer their employees a wide range
of retirement products through their
partnership with The Legend Group.
Am I going to have enough to retire?
What’s the best way to save for college?
Do I have the right investment mix?
How can I generate income in retirement?
Have questions? We have answers.
Contact us today to speak with
a financial professional near you.
5. When you retire or change jobs...
YOUR GUIDE TO ROLLOVER IRAS
ROLLOVERIRAS
6. Consider the following four basic options:
You’ll need to plan carefully before moving money from your employer plan because the wrong move can cost you additional taxes and penalties.
1
Distributions from a retirement account are subject to ordinary income taxes in the year distributed. Distributions prior to age 59
1
/2 may incur a 10% penalty.
2
Hypothetical example assumes a 28% federal tax rate, a 5% state tax rate and a 10% early withdrawal penalty tax. Your taxes may be higher or lower.
4
3
Diversification does not assure a profit or protect against market loss.
ABOUT THE
LEGEND GROUP
For over 45 years, The Legend
Group has been helping investors
prepare for retirement and work
toward realizing their financial goals.
The hallmark of Legend’s program
is the personal relationship that
our Financial Professionals develop
with their clients. Your Legend
Representative is prepared to work
with you to help you set realistic and
achievable objectives, and design
an investment strategy to help you
reach them. Your Representative can
also meet with you periodically, to
help ensure your plan continues to
reflect your needs.
Why a Rollover IRA?
Rollover IRAs allow you to combine money from employer-sponsored
plans, as well as other existing IRAs, into a single IRA account.
Furthermore, they provide an opportunity to keep your assets growing
tax-deferred, even after you retire. In addition, an IRA may offer greater
investment choices and more flexible distribution options.
A ROLLOVER IRA OFFERS:
• The Potential for Continued
• Tax-Deferred Growth
• A Wide Variety of Investment Options
• Professional Investment Management Options
• Convenience
• Consolidation
• Control
Why a Legend IRA?
Opening a Legend Rollover IRA is simple. The process begins with a
personal consultation with your Legend Financial Professional to establish
an understanding of your financial situation, objectives, and expectations.
Based on a thorough analysis of your needs, your Representative can
recommend a course of action. If you determine an IRA Rollover is
appropriate for you, your Financial Professional can help you gather and
complete the necessary paperwork to begin the rollover process.
KEEP YOUR ASSETS WORKING FOR YOU
Whether you are retiring, or simply changing jobs, it’s important that
your assets continue to work for you. A strategy that includes equity
investments to help offset the effects of inflation and provide long-term
growth potential can be a major factor in your ultimate success. Once
your Legend Rollover IRA is established, your Representative can help
you to devise an investment plan for your assets that reflects your goals.
ADVANTAGES DISADVANTAGES
1. Take the cash. • You get the money right away
• Easy access to your retirement savings
• Immediate resources if you have no other source of income
• To get that money, you’ll have to pay a high price
$10,000 distribution
-2,800 federal tax
-500 state tax
-1,000 penalty tax
1
$5,700
2
could be all you see of
your original $10,000
2. Transfer the money to
your new
employer’s plan.
• You pay no penalties or taxes while your savings continue
to grow tax-deferred
• You may be eligible for loans from your new employer
• You can consolidate your previous retirement savings with your
new accounts
• Not all plans provide this option
• You may not be eligible to join the plan until you’ve provided a set number of
service hours
• The new plan may offer limited investment options
• Your ability to control and access your money may be limited
3. Leave the
money in your
employer’s plan.
• Requires no effort
• You pay no penalties or taxes while your savings remain
tax-deferred
• You may continue to be eligible for loan provisions from your
previous employer
The plan may offer limited investment choices
You have limited access to, and control of, your money
You’re leaving your money with a former employer
If the value of your account is less than $1,000, your account can be cashed out
by your previous employer. However, if the value of the account is between $1,000
and $5,000, the money may be automatically rolled into an IRA. Check with your
previous employer to see if they have a cash-out provision.
4. Roll the
money into a
Legend IRA.
• You pay no penalties or taxes while your savings remain
tax-deferred
• Your retirement savings are consolidated
• You can choose from a variety of investment options from
many nationally recognized mutual fund families
• You can work with your Legend Representative to create a
diversified portfolio offering continued growth potential
1
• Your account can be managed professionally with Legend
Advisory Corporation’s dynamic asset management services
• At retirement, your Legend Representive can help you choose
an income option that may be best suited to your needs
• Care must be taken to ensure the assets are transferred within the
60-day period allowed by the IRS.
1
Working with your Legend
Representative may limit these concerns
• IRAs lack loan provisions
7. If you are like many Americans, your
retirement plan may be one of your
largest assets. That’s because over the
years, workplace retirement plans such as
a §403(b), §457 or §401(k) have enabled
you to build your retirement nest egg on
a tax-deferred basis. Now, circumstances
may require you to make a decision about
your retirement plan savings. A Rollover
IRA may provide the solution you seek.
What can I Rollover?
A rollover is the transfer of money from
one retirement plan or account to another.
To maintain its tax-deferred status, the
money needs to be rolled into another
tax-deferred account.
The types of accounts that are eligible
to be rolled over are:
• Employee stock ownership plans
• Roth §401(k) and Roth §403(b) plans
• Money purchase pension plans
• §457 governmental plans
• Defined benefit plans
• Profit-sharing plans
• §401(k) plans
• Keogh plans
• SIMPLE IRA
• §403(b)(7)
• SARSEP
• SEP IRA
What should I do with my Retirement Savings?
4
Source: Bureau of Labor Statistics, 2006 (survey includes Americans born between 1957 and 1964)
5
Legend Equities Corporation and its affiliates do not render tax information or advice. The strategies utilized in a Stretch IRA are designed for retirees who do not require income from their IRA. Further, tax
changes may affect the ability to extend distributions. Please consult an attorney or tax professional for any specific questions regarding tax law.
6
To take advantage of the §72(t) provision, one must adhere to the established payment schedules (monthly, quarterly, annually) chosen for at least five years or until age 59
1
/2, whichever comes later. The
exact amount established must be withdrawn each year; a variation will result in the 10% penalty being applied retroactively.
Additional Strategies
Once you’ve made the decision to roll your retirement plan assets into a Legend Rollover IRA,
you may be able to take advantage of additional strategies that can further enhance your
financial security.
STRETCH THE BENEFITS OF YOUR IRA
5
:
A Legend Rollover IRA allows sophisticated beneficiary designations including the ability of
your primary beneficiaries to name subsequent beneficiaries. These designations allow your
heirs to potentially stretch the tax-deferred growth of your IRA legacy over multiple generations
and reduce or postpone the payment of taxes. This stretch capability is built into all IRAs at
no additional cost. You can work with your Legend Financial Professional to establish your
beneficiary designations and manage the distribution of inherited retirement plan assets.
NEED SOME IMMEDIATE CASH
6
?
If you are under the age of 59 and wish to start receiving installments from your IRA, Legend
can help. Substantial equal periodic payments, also known as §72(t) distributions, can give you
the amount of cash you need with less severe tax consequences while still allowing the balance
in your account to grow tax-deferred. Talk to your Legend Representative about this option.
CONVERSIONS:
A Traditional IRA allows your retirement savings to grow tax-deferred until you begin
withdrawals in retirement, at which time ordinary income taxes will be due on the savings.
Investors also have the option of converting tax-deferred investments to a Roth IRA, which may
offer tax benefits, depending on your situation. In the year you convert, you pay income taxes
at your ordinary income tax rate on your pretax contributions and earnings. However, once
converted, your retirement assets may then grow free of any future taxes.
IF YOU ARE RETIRING:
You will want your retirement assets to provide an adequate income stream.
When you consider rising inflation rates, increasing health care costs and the fact
that many of today’s retirees can look forward to much longer retirements, this
goal becomes especially important.
IF YOU ARE CHANGING JOBS:
You may find that managing a number of different retirement plans is not a
simple task. On average, Americans change jobs 10 times during their careers,
4
so
the ability to consolidate assets from a few different plans can be a valuable tool
for maintaining control and reducing your administrative burden.
8. 7
Distributions from a Traditional IRA are subject to ordinary income tax in the year
distributed. Distributions prior to age 591
/2 may incur an additional 10% penalty.
8
Distributions from a Roth IRA are qualified provided the account has been open for 5
years AND: 1) the owner has attained age 591
/2, 2) the owner has become disabled or 3) the
distribution is for first time homebuyer’s expenses. Non-qualified distributions are first taken
from cost basis, then conversions, then earnings. Ordinary income tax and, if applicable, the
premature 10% penalty will apply to any earnings taken or amounts taken from conversions
made within the last 5 years.
Legend Equities Corporation and its affiliates do not provide tax advice or information.
YOUR NEXT STEPS
SCHEDULE a meeting with your Legend Adviser
who can help you determine whether a Rollover
IRA is a suitable option for you, and assist you in
starting the rollover process if you choose to do so.
COMPLETE the required forms to begin the
rollover process and to establish a Legend IRA
account, if necessary.
CALL previous employers and IRA trustees to
ask about any forms they may require in order to
transfer your assets. Feel free to ask your Legend
Adviser for assistance with this. He or she can
help you arrange a conference call.
Income Generation Considerations
When planning your distributions, keep in mind these
opportunities and requirements:
WITHDRAWALS BEFORE AGE 59:
In general, distributions taken from a retirement plan
before age 59 are subject to a 10% penalty in addition to
income taxes due at the time of the distribution. However,
the IRS permits systematic withdrawals from an IRA or
a qualified retirement plan at any age prior to 59 under
certain circumstances, with no additional penalties applied.
Withdrawals must be made as a series of substantially equal
periodic payments, and other specific rules also apply. If
making withdrawals before age 59 is something you want to
consider, talk with your Legend Financial Professional.
WHEN YOU REACH AGE 70:
Once you’ve reached age 70, you must begin taking
distributions from your retirement plan(s) or you will face
significant taxes and penalties (up to 50% of the required
distribution not taken). Distributions must begin no later than
April 1 in the year after you’ve reached age 70, and once they
begin, you must take them annually by December 31 each
year. There is a required minimum amount you must withdraw
each year. The amount is calculated based on IRS rules. When
the time comes, your Legend Representative and tax adviser
can help you with the calculations.
1.
2.
3.
What is a traditional IRA
7
?
A traditional IRA is a custodial or trust account enabling an
individual with earned income to save for retirement. While
contributions are taxable in the year they are made, a federal
income tax deduction is available, subject to applicable deductibility
limits. Federal taxes on income generated by traditional IRA assets
are deferred until distribution.
What is a Roth IRA
8
?
The Roth IRA is also a custodial or trust account enabling an
individual having earned income to save money for retirement.
However, contributions are never tax deductible, but income
earned by a Roth IRA is free from federal income taxes while held
in the IRA and remains tax-free if taken as a qualified distribution.
For more information contact
your Legend Representative.
You may also wish to visit our
website at www.legendgroup.com.
11. you can select and hold investments from multiple mutual fund families
and/or annuities in one account as a 403(b) plan participant. You gain
access to thousands of individual mutual funds. All those options are
available to you through a single investment provider – The Legend Group.
How much should I contribute?
Is my retirement on track?
How is my money invested?
Have questions? Want a second opinion on your current plan?
Call one of our experienced financial professionals today for
your complimentary review.
Easy
Your Legend Representative
can work with you to
develop a plan that reflects
your needs and goals. Our
financial professionals make
it easy for you to understand
your options. Convenient
contributions are made
through payroll deductions.
ax Benefits
You gain immediate tax savings when
you contribute to a traditional 403(b)
account. You are able to defer part of
your compensation into your 403(b)
without being taxed on that money until
it’s withdrawn. That means your total
taxable income is less.
And the taxes on your investment
earnings are also deferred until
you retire. This helps put more of
your earnings to work towards your
retirement goals.
Accessible
You are able to change your
investment mix as your
needs change. Under certain
circumstances you may be
able to borrow funds from
your account and continue
to defer taxation if your
employer’s plan permits.
Comprehensive
As a retirement plan
participant, you may
choose from a wide variety
of investment options,
including a selection of
nationally recognized
mutual funds. Our financial
professionals help you
navigate your many options.
• Professional Investment Management Options
• Retirement Income Generation Solutions
• Social Security Statement of Earnings
• Education / College Saving Programs
• IRAs / Roth IRAs / Rollover IRAs
• Pre-retirement Strategies
• Mutual Fund Investments
• Long Term Care
• Life Insurance
Streamline your financial life by
using your Legend Representative
for your other needs.
13. Legend provides access to the following mutual fund families:
» Aberdeen Funds
» Alger Funds
» Alliance Funds
» Allianz Funds
» American Century Funds
» American Funds
» American Growth Funds
» American Independence
» Aquila Funds
» AXA Enterprise Funds
» BB&T Funds/Sterling
» BlackRock Funds
» Calamos Funds
» Calvert Funds
» Catalyst Funds
» Cohen & Steers Funds
» Columbia Funds
» Davis Funds
» Delaware Funds
» Dreyfus Funds
» DWS Funds
» Eaton Vance Funds
» Evergreen Funds
» Federated Funds
When you partner with The Legend Group, you can select and hold
investments from multiple mutual fund families and/or annuities
in one account as a 403(b) plan participant. You gain access to
thousands of individual mutual funds. A selection of fixed and
variable annuities are also available.1
All those options are available
to you through a single investment provider – The Legend Group.
4600 East Park Drive, Suite 300, Palm Beach Gardens, FL 33410
Telephone: 561.694.0110 • Fax: 561.626.6465
www.legendgroup.com
(Over)
» Fidelity Advisor Funds
» Fifth Third Funds
» First American Funds
» First Eagle Funds
» First Investors Funds
» Forward Funds
» FPA Funds
» Franklin Templeton Funds
» Gabelli Funds
» Goldman Sachs Funds
» Hartford Funds
» Henderson Global Funds
403(b) PLANS
ONE PROVIDER...
THOUSANDSOF OPTIONS.
14. We are here for you.
» Highmark Funds
» Hotchkis & Wiley Funds
» Icon Funds
» ING Pilgrim Funds
» Internet/Kinetics Funds
» Invesco Funds
» Ivy Funds
» John Hancock Funds
» JP Morgan Funds
» Keeley Funds
» Legg Mason Funds
» Loomis Sayles Funds
» Lord Abbett Funds
» Mainstay Funds
» MFS Funds
» MTB Funds
» Morgan Stanley
» Munder Funds
» Nations Funds
» Nationwide Funds
» Natixis Funds
» Nuveen Funds
» Oppenheimer Funds
» Pacific Advisors Funds
» Pacific Life Funds
» PIMCO Funds2
» Pioneer Funds
» Principal Funds
» Prudential Funds
» Putnam Funds
» Quaker Funds
» Ridge Worth Funds
» Riversource Funds
» RS Funds
» Saratoga Funds
» Seligman Funds
» Sentinel Funds
» SunAmerica Funds
» TA IDEX Funds
» Thornburg Funds
» Timothy Plan Funds
» Touchstone Funds
» Van Eck Funds
» Victory Funds
» Virtus Funds
» Waddell & Reed Advisor Funds
» Wells Fargo Funds
Fixed and Variable Annuity Options1
Fixed annuity products from Great American, VALIC and Symetra
and variable annuity products from Great American, Valic and
Security Benefit are also available.
Contact your Legend Group Financial professional today
for a complimentary review of your retirement plan.
»
Advisory services offered through Legend Advisory
Corporation, a registered investment advisor.
1
All products are not available in all states.
2
The PIMCO Funds charge a “mutual fund surcharge” of $10.00 for the purchase and/or redemption of shares that is passed through to
investors. The fund families subject to a “mutual fund surcharge” may change without notice. Please check with your Legend Advisor for details.
All investment options are subject to employer approval.
This list is subject to change without notice. Please call (877) 819–7455 for the most recent fund availability.
Before investing in a mutual fund or variable annuity, consider its investment objectives, risks, charges and expenses carefully. The prospectus for a
mutualfundorthepolicyprospectusandprospectusesfortheunderlyinginvestmentsofavariableannuity,whichcontainthisandotherinformation,
can be obtained by contacting Legend Equities Corporation. Please read the prospectus or prospectuses carefully before you invest or send money.
Not FDIC Insured – No Bank Guarantee – May Lose Value
Mutual fund families available through The Legend Group: (continued)
15. It’s time for a yearly review of
your investment plan.
postcard_6x425_r2.indd 1 4/12/12 9:04 PM
16. It’s time for a yearly review of
your investment plan.
I am available to meet with you to review your
current plan and answer any questions you
may have. Please contact me at your earliest
convenience to schedule an appointment.
I look forward to seeing you soon.
Branch Office:
John Doe
Registered Representative, Legend Equities Corporation
0000 Xxxxxx Dr., Ste. 000,
Xxxxxxxxxxx, XX 00000
Phone: (000) 333–3333
Fax: (000) 444–4444
Securities offered through Legend Equities
Corporation, member FINRA/SIPC PC-0011a_12-11
postcard_6x425_r2.indd 2 4/12/12 9:04 PM
