Investment Advisors in Kill Devil Hills, North Carolina

Mission Statement

To provide Kill Devil Hills quality Financial Planner assistance as a Investment Advisors, Financial Planning, Investments and Financial Advisor.

Gentry Financial Services meeting your Financial Planner needs since 2001.

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For Independent Advice
Since 2001 Robert Gentry has been an independent Registered Advisor Representative with Lincoln Financial Securities Corporation

That means that you receive objective advice that's in your best interest. As an independent advisor, I can meet clients' tough challenges with sound, unbiased advice. I have no vested interests and no proprietary products to sell.

In addition, Robert Gentry adds the resources of Lincoln Financial Securities Corp., offering clients the assurance of ongoing due diligence, oversight, and accountability.

Key Contacts

Robert A. Gentry

Bobby Gentry

1) 401k Rollovers

Assisting individuals who want to move their money from their employer-sponsored retirement plans such as 401(k) and 403(b) plans when they leave a job to an IRA.
If you are considering rolling over money from an employer plan into an IRA, we suggest that you follow these tips to decide whether an IRA rollover is right for you. 1. Evaluate your transfer options. You generally have four options. You can usually keep some or all your savings in your
former employer’s plan (check with your benefits office to see what the company’s policy is). You can transfer assets to your new employer’s
plan, if allowed (again, check with the benefits or human resources office). You can roll over your plan assets into an IRA. Or you can
cash out your balance. There are pros and cons to each option, but cashing out your account is rarely a good idea for younger
individuals. If you are under age 59½, the IRS generally will consider your payout an early distribution, meaning you could owe
a 10 percent early withdrawal penalty on top of federal and applicable state and local income taxes.
2. Minimize taxes by rolling Roth to Roth and traditional to traditional. If you decide to roll over your retirement plan assets
to an IRA, you can choose either a traditional IRA or Roth IRA. No taxes are due if you roll over assets from a traditional plan
to a traditional IRA, or if you roll over your contributions and earnings from a Roth plan to a Roth IRA. But if you decide to
move from a traditional plan to a Roth IRA, you will have to pay taxes on the rollover amount you convert. It’s advisable to
consult with your plan administrator, as well as financial and tax professionals, about the tax implications of each option.
Tip: Special Treatment of Employer Matches in Roth Plans
The IRS requires that any employer match of contributions made to a Roth plan be placed in a pre-tax account and treated
like matching assets in a traditional plan. To avoid taxes when rolling over a Roth plan that includes matching contributions
from your employer, you will need to request the transfer of your contributions and earnings to a Roth IRA and your employer’s
matching contributions and earnings to a traditional IRA.
3. Think twice before you do an indirect rollover. With a direct rollover, you instruct your former employer to send your
401(k) assets directly to your new employer’s plan or to an IRA—and you never have to handle the money yourself. With an
indirect rollover, you start by requesting a lump-sum distribution from your plan administrator and then take responsibility for
completing the transfer. Indirect rollovers have significant tax consequences. You will not get the full amount because the plan
is required to withhold 20 percent to ensure that taxes will be paid if the rollover is not completed. You must deposit the funds
in an IRA within 60 days to avoid taxes on pretax contributions and earnings—and to avoid the potential of an additional 10
percent tax penalty if you are younger than 59½. If you want to defer taxes on the full amount you cashed out, you will have to
add funds from another source equal to the 20 percent withheld by the plan administrator (you get the 20 percent back if you properly
complete the rollover).
4. Understand that there are costs associated with the new account. Competition among financial firms for IRA business
is intense, and advertising about rollovers and IRA-related services is common. In some cases, the advertising can be
misleading. Regulators have observed overly broad language in advertisements and other sales material that implies there
are no fees charged to investors who have accounts with the firms. Even if there are no costs associated with a rollover itself,
there will almost certainly be costs related to account administration, investment management or both. Don’t roll over your
retirement funds solely based on the word “free.”
5. Realize that conflicts of interest exist. Your advisor who recommends an IRA rollover will earn commissions or other fees
as a result of the services they are providing. In contrast, leaving assets in your old employer’s plan or rolling the assets to a
plan sponsored by your new employer likely results in little or no compensation for a financial professional, but likely will not
include the same level of professional service.
Lincoln Financial Network is the marketing name for the retail sales and financial planning affiliates, Lincoln Financial Securities Corporation and Lincoln Financial
Advisors Corporation, both dually registered broker-dealer and investment adviser entities. Page 1 of 2
LFN11104 12/15
Investors Guide to IRA Rollovers*
*Excerpted from FINRA’s “The IRA Rollover: 10 Tips to Making a Sound Decision”
6. Compare investment options and other services. An IRA often enables you to select from a broader range of investment
options than available in an employer plan, but might not offer the same options your employer plan does. Whether the IRA
options are attractive will depend, in part, on how satisfied you are with the options offered by your current or new employer’s
plan. Some employer plans also provide access to investment advice, planning tools, telephone help lines, educational
materials and workshops. Similarly, IRA providers offer different levels of service, which may include full brokerage service,
investment advice and distribution planning. If you are considering a self-directed IRA, consider the tradeoffs.
7. Understand fees and expenses. Both employer-sponsored plans and IRAs involve investment-related expenses and plan
or account fees. Investment-related expenses can include sales loads, commissions, the expenses of any mutual funds in
which assets are invested and investment advisory fees. Plan fees can include administrative costs (recordkeeping and compliance
fees, for instance) and fees for services, such as access to a customer service representative. In some cases, employers pay for
some or all of the plan’s administrative expenses. IRA account fees can include administrative, account set-up and custodial
fees, among others. Before making a rollover decision, know how much you are currently paying for your plan. Compare
that to the fees and expenses of a new plan or IRA. For more information about 401(k) fees, see the Department of Labor’s
publication, A Look at 401(k) Plan Fees. For IRA fees, ask your representative to provide you with information about fees and
expenses, and read your account agreement and any investment prospectuses.
8. Engage in a thoughtful discussion with your financial or tax professional. Don’t be shy about raising issues such as
tax implications, differences in services, and fees and expenses between retirement savings alternatives. If your financial
professional recommends that you sell securities in your plan or purchase securities in a newly opened IRA, ask what makes
the recommendation suitable for you. As with any investment, if you don’t understand it, don’t buy it.
9. Age matters. If you leave your job between age 55 and 59½, you may be able to take penalty-free withdrawals from an
employer-sponsored plan. In contrast, penalty-free withdrawals generally are not allowed from an IRA until age 59½. Once
you reach age 70½, the rules for both traditional employer plans and traditional IRAs require the periodic withdrawal of certain
minimum amounts, known as the required minimum distribution (RMD). The RMD rules also apply to Roth 401(k) accounts.
However, the RMD rules do not apply to Roth IRAs while the owner is alive. If you are still working at age 70½, however,
you generally are not required to make required minimum distributions from your current employer’s plan. This may be
advantageous for those who plan to work into their 70s.
10. Assess the tax implications of appreciated company stock. Some retirement plans feature company securities (such
as stocks, bonds or debentures)—and, as with earnings on other investments, any increase in their value will typically be subject
to ordinary income tax when you withdraw the securities from the plan. But if you’re considering a distribution of company
stock or securities when you leave the company, be aware that special IRS rules might allow you to defer paying taxes on
the appreciation (which the IRS calls “net unrealized appreciation”). Consult your plan administrator and financial and tax professionals
about tax scenarios related to appreciated company securities.
The decision to move your retirement nest egg or stay put is an important one. In many cases, you don’t have to act immediately
upon switching jobs or retiring. Take the time to assess your options. Ask questions and do your homework to determine what is
best for you.
For further information or questions, please contact your Registered Representative.

2) Financial And Insurance Planning

Personal and Family Financial Planning* - Assisting clients to simplify their financial lives and gain financial and personal well-being through a custom-tailored approach.

Retirement Planning* - Helping clients to avoid the common mistakes that arise from poor planning and inadequate advice and to feel that they are being listened to. Also, helping clients to maximize retirement benefits.

Retirement Management - Gaining a strategy designed to manage risk to their retirement assets and, equally important, designed to provide growth.

Investment Management* - Actively investing and managing a client's portfolio to take advantage of trends and control downside risk – all with the goal of appropriate investment performance over time.

Asset Preservation and Risk Management - Helping individuals, families, and business owners protect their assets from various unknown risks and creating a wealth protection strategy to address potential negative future events.

Buy-Sell Agreements - Business owners need to protect one of their most important sources of wealth from the unknown. In addition to buy-sell agreements, Key Man Life Insurance provides added protection for business owners.

Creating Business and Personal Liquidity - For those executives and entrepreneurs who have a significant portion of their wealth tied-up in the company, we can help unlock some of that value and transfer some or all of that value to their personal wealth.

Coordinating Business Benefits with Your Personal Benefits - to make certain that you have a strong financial and insurance plan that would continue if you changed employment or retired.

Education Funding - As the need for a sound education and relevant skills has increased, so have the costs for education. Planning is vital to fund this investment in your family for the next generations.

Insurance Planning* - With greater wealth, the risks from unforeseen events or problems can be magnified. We can help manage those risks through the appropriate choice of investments or insurance.

Elder Services - Managing longevity risk or issues associated with parents can be an emotional, challenging problem which we help solve for many of our clients.

Long-Term Care Options - With longer lives and significantly higher healthcare costs, proper planning can protect your wealth and help ensure that you or members of your family get the care they need.

Tax Strategies - Seeking to protect family assets from unnecessary taxes or manage investments in a tax-efficient way are two examples of the benefits of tax strategies. We work with our client's CPA for a sound tax strategy.

Estate Planning*- Helping clients smoothly transfer assets to children and grandchildren and, also, to the charities they care about by coordinating planning through our client's estate attorney and other professionals.

Complete Life Insurance planning.

Long Term Care Insurance Planning * Offered through Lincoln Financial Securities Corp., member SIPC. Lincoln Financial Securities does not offer tax or legal advice.

* Offered through Lincoln Financial Securities Corp., member SIPC. Lincoln Financial Securities does not offer tax or legal advice.

3) Analyze And Portfolio Comparison.

Portfolio comparison to make certain that your portfolio risk is in line with your individual risk tolerance and time horizon.

4) Investment Advice

Estate planning and Elder care planning assisting your attorney and tax team when necessary.

5) Retirement Planning

Plan your financial future and make certain that you will be able to retire

Service Locations

Investment Advisors Kill Devil Hills  -  Financial Planning Kill Devil Hills  -  Investments Kill Devil Hills
Financial Advisor Kill Devil Hills  -  Life Insurance Kill Devil Hills  -  Ira Rollover Kill Devil Hills

Citations

Gentry Financial Services Photo Gallery
Updated as of 4/30/2024

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