Understanding the Basics: How We Handle Your Financial Services at Szarka Financial
Welcome to the Szarka Financial family! As a new client, you’re likely curious about how we manage your accounts and the behind-the-scenes process. We’ve compiled this blog post to address some of your common questions and serve as a helpful guide you can refer to at any time.
Account Transfers: Patience Pays Off
Transferring accounts to a new financial institution can be slow, often taking several weeks or more, even when everything goes smoothly. Rest assured, we closely monitor every step of the process and will keep you informed. We’ll reach out promptly if you require any additional information or documents. Meanwhile, you are always welcome to contact us for an update on your transfer status.
Account Statements: Keep Them Safe
We provide account statements in electronic and printed formats. Retaining all your statements is essential for tax purposes. When we meet, please bring these statements along with any from other investments you might hold, which will help us discuss your overall financial picture and answer any specific questions you may have.
Transaction Confirmations: Record Keeping Is Key
Each transaction or trade made on your behalf is accompanied by a confirmation, which you should keep for your records. These confirmations are important for tracking activity and necessary for tax purposes.
IRA Contributions and Distributions: Timely Actions
You can make IRA contributions for the previous calendar year until April 15. Once you turn 73, the IRS requires you to take minimum distributions (RMDs) from your IRAs. Our team is here to help you manage these contributions and distributions efficiently.
Withdrawal Options: Flexibility for Your Needs
Szarka Financial offers various withdrawal options. Whether you prefer lump sum or systematic withdrawals set up to occur automatically from certain accounts, we can accommodate your needs. Withdrawals can be sent directly to your bank account or mailed as a check. Let us know if you want to explore these options more.
Significant Life Changes: Keeping Us Informed
Life is full of unexpected events—some joyous and others challenging. Major life events such as a divorce, losing a loved one, or a job loss should be reported to us as soon as possible as these could significantly impact your financial status. Keeping us informed allows us to make necessary adjustments and provide the support you need during these times.
Our Client Manager Team: A Personal Touch
At Szarka Financial, we understand that sometimes you need to talk to someone. Our client manager team is here to provide that personal touch. A phone call can often be the quickest way to get the help you need or resolve any issues. We encourage you to reach out directly to your client manager whenever you feel it’s necessary. They are well-equipped to handle your queries with the attention and care you deserve.
While this list isn’t exhaustive, it covers the fundamental aspects of what we handle together at Szarka Financial. We’re committed to supporting you through every step of your financial journey. Should you have any further questions or need assistance, please do not hesitate to contact our team.