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With a Leno Individual Retirement Account (IRA), you will get a structured but flexible plan to comfortably save for retirement with the portability to ensure that your plan remains with you regardless of career changes.
Our Retirement Consultants are available to help you every step of the way. We will help you take ownership of your financial future and safely plan your journey toward retirement…so you can relax. Call us to get started today.
Benefits, benefits, benefits…are what attracts the loyal, trustworthy, dedicated employee to a company. Does your company have a pension plan?
At Leno, we provide services for small, medium to large companies so whether you have two employees or 2,000, we are here to take the efficient, professional lead in pension plans and valuable employee retention measures. In a limited talent pool, attracting the best is the first step; keeping them engaged and loyal is critical. That’s our business, helping to make your business the best it can be.
Leno works with employers to identify the needs of employees to help design a group pension.
We provide retirement planning seminars to ensure that your employees have a full understanding of the purpose of a pension plan and how to manage their retirement.
Contact us for more information Click here.
The Leno Individual Retirement Account can be started with as little as $50.
Nothing. Leno does not have penalties related to this product and your investment will continue to earn interest in accordance with the investment strategy selected.
The Leno IRA is your personal pension plan making it portable. The plan goes wherever your career takes you in life.
The Leno IRA is client driven with clients having the ultimate control of the contributions they make. In the event of a medical emergency, clients will be allowed to make a withdrawal.
The college savings plan was intended to allow persons to accumulate their savings using the investment vehicles that Leno provides. Withdrawals are not encouraged as it interrupts the earning potential of the clients savings. However, withdrawals are accommodated for emergency situations but not encouraged as a normal practice.
No. Clients can contribute whatever amount they desire.
Upon retirement, the client can select either a lump sum payment or a monthly income stream based on the final value of the client’s retirement plan value.
Yes. However, Leno does not encourage joint retirement accounts given the importance of having a financially stable retirement.
Yes. Clients have the option of changing their beneficiary at any point in time.
Yes. Leno has engaged an independent trustee to ensure the plans integrity and accountability of the service providers.
The Leno Individual Retirement Account offers three (3) investment strategies to select from. Those strategies are: (1) The Conservative, (2) The Balanced, and (3) the Aggressive Strategy. Each strategy has a different risk level and investment objective. The Conservative Investment Strategy is low risk and is designed to provide safe and steady growth. The Balanced Investment Strategy has moderate risk and is designed to benefit from the returns associated with the stock market while buffering any fluctuations that may occur by having a portion of the investments in safe investment like government bonds. The Aggressive Investment Strategy is high risk and is designed to generate returns by investing in the various publicly traded companies pegged for growth within their respective industry and the overall economy.
Clients are allowed to change the investment strategy once per year.
Leno recommends that clients select a strategy that reflects their comfort level as an investor in terms of risk, the time horizon for their investment and their overall objective. One of Leno’s representatives will be happy to guide you during the process.
Information on transferring Bahamas Government Registered Stock from the Central Bank
Citi, IOM donation enables students in poorest communities to attend virtual classes
KFC, Dunkin’, Pizza Hut, Burger King, Myers Group Join Tablet Drive Urging ‘Let’s Put it Over the Top’