IRAs and employer-sponsored retirement plans are important elements of a successful retirement and long-term financial plan. As an individual considering a rollover from your 1081.01(d) plan or other Puerto Rico employer-sponsored retirement plan to a UBS Puerto Rico IRA, it's important that you know all of your options as well as the costs associated with a UBS Puerto Rico IRA. The following UBS documents can help you make informed decisions:
- Puerto Rico IRA Rollover Guide
- Your Relationship with UBS
- Making the most of the company stock in your Puerto Rico 1081.01(d) plan account
For more insight into how you can have more confidence pursuing your retirement and long-term goals through comprehensive planning, connect with your UBS Financial Advisor or find a UBS Financial Advisor.
UBS Trust Company of Puerto Rico is the trustee of the UBS Puerto Rico IRA and the UBS Puerto Rico Roth IRA. The UBS Puerto Rico IRA and UBS Puerto Rico Roth IRA provide for penalties upon withdrawal, which are the following: 4%, 3%, 2% and 1% of the amount withdrawn within the first, second, third and fourth year, respectively, from the date of contribution, with such penalty being eliminated after four years. Such penalties are waived with respect to initial contributions which are invested in shares of common stock of the U.S. Municipal & Income Fund, Inc. ("USMIF") or units of any of the portfolios of the Multi-Select Securities Puerto Rico Fund ("MSSPRF"), both of which are advised by UBS Asset Managers of Puerto Rico, a division of UBS Trust Company of Puerto Rico. Please note that the amounts withdrawn from the UBS Puerto Rico IRA and the UBS Puerto Rico Roth IRA may also be subject to statutory penalties. These statutory penalties could reduce the earnings on your investment. More detailed information about the investments available through UBS Puerto Rico IRA, UBS Puerto Rico Roth IRA, as well as the USMIF and MSSPRF, including applicable sales charges and other fees, costs (plus annual operating expense ratios, when applicable), penalties, investment objectives and policies, risk factors, and the effects of leverage, is further described in the applicable offering and IRA account opening documentation, which you should read carefully prior to making an investment and is available from your Financial Advisor and on our website www.ubs.com/prfunds. Investments in the USMIF and MSSPRF, as well as other investments available through the UBS Puerto Rico IRA and UBS Puerto Rico Roth IRA are not intended to provide a complete or balanced investment program but rather, are one component of a long-term program to accumulate assets for retirement. An IRA investment is not a deposit or obligation of UBS Financial Services Incorporated of Puerto Rico or its affiliates and is not insured by the FDIC, the U.S. Federal Reserve Board, or any other U.S. Government instrumentality. An IRA investment may lose value. UBS Financial Services Incorporated of Puerto Rico and UBS Trust Company of Puerto Rico do not provide legal or tax advice. You should contact your lawyer or tax consultant. This is not an offer, or a solicitation of an offer, to buy or sell any particular investment or a recommendation to roll over your retirement assets into an IRA. Such offering is made only by the corresponding investment's offering documentation.
Wealth Management Services in Puerto Rico are provided by UBS Financial Services Incorporated of Puerto Rico, a registered broker-dealer offering securities, trading, brokerage and related products and services. Member SIPC. Member FINRA.