Retirement Planning in Des Moines, IA
We all catch ourselves dreaming about the future.
At Financial Plus we offer many ways that you can invest for your future or the future of your family. Whether you are investing your funds for a shorter-term goal or planning for your child's education or retirement planning, we offer the investment products and services to meet your needs.
Learn about our IRA offerings and Coverdell ESA (college savings option) here.
A Coverdell Education Savings Accounts (ESA) is a trust or custodial account designed to help families pay for education. A Coverdell ESA offers tax-free earnings and tax-free withdrawals when the funds are spent on eligible expenses. Coverdell ESAs can be used only to pay for eligible education expenses, such as tuition and fees; the cost of books, supplies, and other equipment; and in some situations, the cost of room and board. While your child is the beneficiary of the Coverdell ESA, you are the owner of the account. Although you must use the funds to cover your child's educational expenses, your child does not get control of the fund at any point. This ensures that the money is used or the proper resources for education.
Here at Financial Plus, we place a huge importance on retirement planning because it can help you avoid running out of money in retirement. Your plan can help you calculate the rate of return you need on your investments, how much risk you should take, and how much income you can safely withdraw from your account. Planning around these financial items is critically important, as they are intended to grow and protect your retirement assets, maximize income, save money, reduce costs, minimize taxation, improve your situation, and allow you to make good financial decisions. We want to help you ensure that when it’s time for you to retire you have everything in place to make it a smooth transition.