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Danial Fereydani, President
If you think of your financial plan as a building, it will only stand on its own with the proper support. At Pendo Insurance, we ensure your financial plan is supported by income planning, legacy planning and tax and estate planning.
Pendo Insurance— a dedicated group of licensed, financial professionals led by president and founder Danial Fereydani— helps people like you create and manage a customized retirement strategy that preserves and safely grows your assets.
No matter what your financial goals, you need income to cover your daily living expenses, the emergencies that happen in your life, and the simple pleasures that you enjoy, be it travel, hobbies, or charitable causes.
Many of our clients are concerned about providing for their loved ones they leave behind. Others want to ensure the continued support of a cause or organization after they are gone.
Nearly all of our clients are concerned about taxes eating up too large a share of their retirement assets.
Expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself,
The contributions limit for tax year 2015 are contributions up to $5,500, or up to $6,500 if you are 50 years of age or older.
Although the IRS prohibits you from investing more than $5,500 to $6,500 a year in your IRA, depending on your age, it does not require a minimum investment.
Yes. If contributions (deductible or nondeductible) in excess of the amount allowed are made to an IRA, an excise tax equal to 6% of the excess contribution is imposed until the excess is withdrawn or used to reduce later years' contributions. This penalty can be avoided by withdrawing the excess amount plus interest earned before the due date for filing your tax return.
You must make your contributions for the previous year by April 15, even if you get an extension to file your return.
Use IRS Form 8606, Nondeductible IRAs (Contributions, Distributions, and Basis). You must also file Form 8606 if you received IRA distributions during the tax year and you have ever made nondeductible contributions to any of your IRAs. Form 8606 must be completed and filed with the IRS even if you don't have to file a tax return for the year in question.
A Pendo Insurance IRA specialist will be happy to answer your questions or meet with you for a no-obligation one-on-one consultation.
Danial Fereydani President
Pendo Insurance—a dedicated group of licensed, financial professionals led by president and founder Danial Fereydani—helps people like you create and manage a customized retirement strategy that preserves and safely grows your assets.
Our goal is to help you achieve a financially secure and enjoyable retirement. We specialize in helping people seeking guaranteed income for life, tax-efficient legacy planning and estate planning. As an independent insurance advisor, we work with over 50 different companies allowing us to select the best solution to meet your needs.
Our solutions-focused approach is a key reason that we were recently voted best insurance advisor in Los Angeles by the readers of the Daily News and that Pendo Insurance ranks as one of the nation’s leading providers of income solutions and legacy planning. Click to watch our video and learn more about Pendo Insurance.
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