Types of Accounts
Vision Accounts
Hilltop Holdings designed the Vision Account for busy investors like you. Vision is a single, convenient account providing the important financial services you need. Best of all it's free! Just look at the benefits the Vision Account offers:
Daily automatic sweep of funds
Competitive money market returns
Free, unlimited checking (not applicable for corporate accounts)
Professional brokerage services
Your choice of four money market accounts
Single, consolidated statement
Optional VISA Platinum Check Card
Optional Margin Line of Credit
$25 million aggregate coverage per account
For more information or to sign up for your free Vision checking account, contact your financial advisor. You qualify for the optional VISA Gold Check Card with a deposit of $10,000 or more in any combination of cash and/or marginable securities. If you elect to receive this optional debit card with your Vision Account, a $50 annual fee is assessed. However, this may be less than you are paying now for credit cards with annual fees and high interest charges.
"Member of SIPC, which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request. Supplemental coverage through an Excess Securities Bond further protects your securities up to an aggregate of $25 million against physical loss or misplacement. This coverage does not protect against fluctuations in the market value of securities, including loss of principal on any investment.
Retirement Accounts
With personal touch and care, we offer the following individualized services:
IRAs were created to encourage people to save for retirement in additional to any other retirement plans. You can make an annual contribution of up to $5,500 or 100% of your earned income per year, whichever is less. Contributions are fully deductible, regardless of income amount, provided you are ineligible to participate in any other qualified plan. Contributions are partially deductible if your adjusted gross income (AGI) falls within established income guidelines. Any earnings you receive are accumulated tax deferred. Ordinary income tax applies upon withdrawal and a 10% early withdrawal penalty will be administer if withdrawal before age 59.5
Roth IRAs were set up to encourage more people to save for retirement. It allows after-tax contributions of up to $5,500 per individual, per year. Earnings from Roth IRAs are not taxed as they accrue nor when distributed from an account, provided you are at least 59.5 and your account have been open at least five years upon withdrawal. There is no required withdrawals, but a 10% penalty does apply for withdrawal before age 59.5
A 401(k) plan is a salary reduction plan that is offered by employers. It offers tax deferred benefit for your retirement investments. You contribute a percentage of your pretax income each pay period to your 401(k) and choose specific investments from among those that are offered for the plan. Any earnings you receive from the 401(k) plan are accumulated tax deferred. Contribution amount can be change once a quarter. Ordinary income tax applies upon withdrawal and a 10% early withdrawal penalty will be administer if withdrawal before age 59.5
The Individual 401(k) plan is designed for self-employed individuals and owner-only business. Such plans offer higher contribution limits than other plans and flexibility on the contribution dates. Penalty-free loans from the plan funding are available, provided the loan is paid back on time. Contributions are tax deductible and any earnings you receive from Individual 401(k) are tax deferred. Ordinary income tax applies upon withdrawal and a 10% early withdrawal penalty will be administer if withdrawal before age 59.5
401(k) Rollovers- Rollovers allow you to transfer holdings from one qualified retirement plan to another qualified retirement plan without suffering tax consequences. Funds and investments are withdrawal from your old 401(k) account and re-deposit to your new IRA account. Rollovers may be limited to once per year for each 401(k) and assets must be deposited to the receiving retirement account within 60 days after you receives the assets.
SEP
Simplified Employee Pension plans (SEPs) are pension plans designed for self-employed individuals and small businesses. SEPs allow employer to make sizable contribution to employee that is tax deductible to employer and is also excludable from employees gross income. Contribution can vary or skip in any year.