Pub. 5 2015-2016 Issue 6

O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G C O L O R A D A N S R E A L I Z E D R E A M S May • June 2016 17 CEDCO Small Business Finance Corporation Your Best Soursce for SBA Real Estate Loans New Easier Qualification Uninterrupted access to money through a monthly SBA-backed bond auction Low fixed-rate financing Low down payments CEDCO Small Business Finance Corporation Colorado’s SBA 504 Loan Expert TM 1175 Osage Street, Suite 110 Denver CO 80204 Denver 303-893-8989 Grand Junction 970-243-1852 www.cedco.org  More stability for your operation  A stronger balance sheet  An asset to sell when you’re ready AS A LEADING SBA 504 LENDER WE MAKE IT EASY FOR YOU  Buy, Build, Remodel or Expand Real Estate  Purchase and install long-lasting equipment  Fast, expert processing - with low loan costs  Refinance may be an option  We lend up to $5 million: borrow up to $20 million when combined with bank financing  Interest rate as low as 5.25%, fixed for 20 years  Down payments range from 10% to 20%  Most small Businesses are Eligible STREAMLINED PROCESSING  Front Range and mid-mountains call Jeff or Mary Jane 303-893-8989  Western Colorado call Pat 970-243-1861 Baby boomers should understand that just because they have not accrued enough sav- ings to retire at age 65 or earlier, it does not mean their tax advantaged options to meet retirement goals at a later date are gone. Should circumstances and health permit, the Roth IRA is a viable and possibly ideal savings option beyond age 70. With proper planning, individuals still can prepare for the retirement they envisioned. As financial organizations begin to focus on their millennial customers, they also should understand that baby boomers still will be their customers for many years to come. Helping this generation realize their retirement dreamswill translate into theword- of-mouth referrals that millennials value. * Baby Boomer Workers Are Revolutionizing Retirement: Are They and Their Employers Ready? 15th Annual Transamerica Retirement Survey, December 2014 Ed Carl is the Senior Business Development Consultant for the Retirement Products and Solutions division of Ascensus. He performs market research and data analysis, provides thought leadership direction for clients, conducts webinars and speaks at conferences nationwide. His previous positions with Ascensus include Product Manager, Product Analyst, and ERISA Consultant. These roles, combined with his extensive knowledge of the industry, allow him to develop creative, effective solutions to meet the diverse objectives of Ascensus’ clients. Mr. Carl graduated from the University of Minnesota-Duluth with a bachelor’s degree inmathematics specializing in actuarial science. He earned the designation of Certified IRA Services Professional (CISP) from the Institute of Certified Bankers. He has 19 years of experience in the financial services industry. Ascensus is the nation’s largest independent retirement and college savings services. provider, helping over 6 million Americans save for the future. The firm partners with financial institutions to provide tailored solutions for financial professionals, employers, and individuals. In total, Ascensus supports over 43,000 retirement plans and 3 million 529 college savings accounts and administers more than 1.5 million IRAs and health savings accounts. For more information call 800-346-3860 or visit ascensus.com. As life expectancies continue to grow, contributions made when an individual is in her 70s could generate 10 or more years of compounded earnings. er-sponsored retirement plans. So Roth IRA owners can defer taking distributions to a time of their own choosing. Although the contribution limits may seem relatively small, they are not insig- nificant. Roth IRA owners potentially can contribute up to $6,500 in 2015, if eligi- ble. Couples that continue to work could supplement their retirement nest egg up to $13,000 ($6,500 each), if eligible and earning enough income to support the con- tribution amount. Time still may be on the side of these sav- ers. As life expectancies continue to grow, contributions made when an individual is in her 70s could generate 10 or more years of compounded earnings. Qualified distributions from a Roth IRA are not subject to income taxes. When the Roth IRA owner reads his statement, the account balance shown is a direct measure of amounts available to cover retirement expenses. Distribution amounts do not need to be increased to account for income tax liability. Baby Boomer Workers Are Revolu- tionizing Retirement: Are They and Their Employers Ready? 15th Annual Transamerica Retirement Sur vey, December 2014 n