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Investments

LPL Financial

As an independent wealth management firm, LPL Financial Registered Representatives help individuals and families pursue their financial goals and lifestyle objectives through comprehensive financial planning, investing, and risk management. Whether you are just starting out and trying to accumulate wealth or are retired and in need of a consistent stream of income, our professionals can develop a financial and investment plan designed around your needs.

If you are looking to invest, please contact our financial services department today by phone at (574) 223-2128 to set up an appointment today.

Planning for Retirement

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Traditional IRA

A traditional individual retirement account (IRA) allows individuals to make contributions that may be tax deductible in the contribution year, with current income tax due at withdrawal. Withdrawals prior to age 59 ½ may result in a 10% IRS penalty tax in addition to current income tax.

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Simple IRA

A Simple IRA is a retirement plan that may be established by employers, including self-employed individuals. The Simple IRA allows eligible employees to contribute part of their pretax compensation to the plan. This means the tax on the money is deferred until it is distributed.

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Roth IRA

A Roth IRA is a special retirement account that you fund with post-tax income (you can’t deduct your contributions on your income taxes). Once you have done this, all future withdrawals that follow Roth IRA regulations are tax free. The Roth IRA offers tax deferral on any earnings in the account. Withdrawals from the account may be tax free, as long as they are considered qualified. Limitations and restrictions may apply. Withdrawals prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

IRA Rollover

IRA Rollovers

An IRA rollover is 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. A plan participant leaving an employer typically has four options (and may engage in a combination of these options), each choice offering advantages and disadvantages.

  • Leave the money in his/her former employer’s plan, if permitted;
  • Roll over the assets to his/her new employer’s plan, if one is available and rollovers are permitted;
  • Roll over to an IRA; or
  • Cash out the account value

College Savings

529 Plan

Whether you’re paying tuition costs now or saving for a future goal, it’s important to ensure that your education strategy is compatible with working towards your retirement income and related financial objectives. A 529 plan is a college savings plan operated by a state or educational institution designed to help families set aside funds for future college costs. Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing

Student Savings

MWP

MWP

Model Wealth Portfolios is a professionally managed mutual fund and exchange-traded fund asset allocation program that can help you pursue your goals through an sophisticated asset management strategy.

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC).

Check the background of investment professionals associated with this site on FINRA's BrokerCheck

Insurance products are offered through LPL or its licensed affiliates. First Federal Savings Bank is not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using LPL Financial, and may also be employees of First Federal Savings Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, First Federal Savings Bank.

Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed

Not Bank Deposits or Obligations | May Lose Value

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.