Services

401(k) rollovers - When individuals retire, whether they are teachers, police officers, sanitation workers, or from any other profession, they often have a 401(k) or 457 retirement plan that they’ve contributed to throughout their careers. Unfortunately, these plans typically offer limited and suboptimal investment options. As a result, many retirees benefit from professional guidance to ensure these assets are managed effectively in retirement.

At First Shelbourne, I assist clients by performing a direct rollover of their retirement funds into an IRA, a process that, when executed correctly, is not a taxable event. This transition offers significantly greater investment flexibility, providing access to a broader range of options, including individual CDs, high-quality government bonds, and low-cost stock index ETFs. The IRA can then be structured to generate monthly income to help meet retirement expenses.

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Many individuals think that leaving their funds in a stable value fund within their plan is a smart choice. This can be very dangerous. These funds pay out much lower interest rates than what can be paid out on a risk-free 3-month treasury bill, even after paying the advisor's fee.

Management of inheritances - It’s common for individuals to inherit a home or receive life insurance proceeds following the loss of a loved one. Unfortunately, this is also when many are approached by aggressive financial salespeople pushing high-cost investment products. During a time of grief, and without clear guidance, people often end up purchasing products that may not be in their best interest.

At First Shelbourne, we don’t sell investment products. Instead, we provide fiduciary guidance and invest your funds in income-producing strategies, always keeping your needs and goals at the forefront. You retain full control of your assets, pay no commissions, and there are no hidden agendas, just straightforward investment management.

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Aggressive salespeople selling high-fee annuities and insurance contracts operate within this area. If something doesn't feel right or you are unsure about something, get another professional's opinion.

Management of funds from a business sale - Some individuals spend a lifetime building a successful business and are now preparing to sell it. The proceeds can be significant, making this a critical time for disciplined and professional investment management. A few missteps, such as investing in unsuitable assets or acting on casual stock tips, can jeopardize the wealth that took decades to accumulate.

Help setting up a 529 plan for children or grandchildren - Clients with managed accounts at First Shelbourne receive complimentary assistance in establishing 529 college savings plans. I help identify the lowest-cost plan available through your state, recommend appropriate investment options, and guide on maximizing the tax advantages these accounts offer. This is all offered free of charge.