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Home > Financial Services > Stock Brokers > Newpoint Securities, Llc
Newpoint Securities, Llc
Newpoint Securities, Llc is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
Newpoint Securities, Llc is an affiliated company of NewPoint Financial Services. John Farahi is family man and founder of NewPoint Financial Services and its allied companies. They offer different services such as retirement plans, mutual fund, annuities, equity and many more.
Their professionals can explain all the different tax advantaged plans now available, show you how to calculate how much you need to set aside for retirement, and help you set up your own retirement program to reach your goals. The maximum annual contribution to an Individual Retirement Account is now 3,000 dollars or 100 percent of earned income wherever is less. If you’re over 50, the limit is 3,500 dollars. This amount is deducted from your taxable income.
Mutual funds are a favorite for Individual Retirement Account investments, and they offer a wide range of stock, bond and money market funds for this purpose. Certificates of deposit are also widely used. They can also set up a self directed IRA, so you can select individual stocks, bonds and other financial instruments.
You can purchase an annuity with a singe lump sum payment or make an initial payment and continue funding your annuity with annual, quarterly, or even monthly payments. In return, at a specified date in the future, you begin receiving monthly income based on your total contributions. These contributions are not tax deductible, but all the interest that compounds inside the annuity is tax deferred. The insurance company guarantees both the principal and interest. The interest rate will vary with market conditions but will never fall below a set minimum. Perhaps the most striking feature of a fixed annuity is that you can never outlive the income.
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