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Welcome to the Bannon, Ohanesian & Lecours Homepage

“At Bannon, Ohanesian & Lecours, Inc. the
client’s best
interest always
comes first.”
Joseph Bannon, Sr. President

About Bannon, Ohanesian & Lecours, Inc.

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Investment Services
At Bannon, Ohanesian & Lecours, our goal is to help you grow and preserve your assets. While portfolio performance depends on many factors, our strategy seeks to minimize volatility while pursuing long-term growth. Having a balanced portfolio across asset classes and diversified within these asset classes are core elements of long-term investment success.

Retirement Resource Center
On average Americans spend about 90,000 hours working to build their retirement nest egg and less than 10 hours planning for it.

Whether your financial goals include accumulating wealth for retirement, transitioning your retirement plan savings when leaving a place of employment, or taking income distributions during retirement, Individual Retirement Accounts (IRA) offer flexible, tax-efficient strategies.

Pension Planning Services
Your company can attract a higher level of employee ~ most employers view retirement plans as a required additional form of compensation. Bannon, Ohanesian and Lecours, can offer a variety of retirement planning vehicles, services and programs for businesses of all sizes. Retirement Plan Comparison Chart

Trust & Estate Services
Bannon, Ohanesian & Lecours provides a broad array of sophisticated estate and tax planning services for individuals as well as families. This will assist us to ensure that your financial interests are protected.
National Advisors Trust Company an affiliate of Bannon, Ohanesian & Lecours, Inc.

Educational Savings Programs - If you haven't started saving for your child, consider the 529 savings plan. If you are wondering if you can have more than one type of college plan, the answer is yes, provided you don't make a contribution to two in the same year. But even more attractive is the ability to rollover most existing savings plans without penalties. Whatever plan you choose, it's never to soon to get started.

Featured article: Some Tips on Planning for Retirement, whether you're age 20 or 59
Roth IRA Vs Traditional IRA - Which is right for me?

Important Information

IRA Contribution Limits
What is the IRA contribution limit and deadline for making 2006 contributions? For 2006, the regular annual contribution limit to a Traditional or Roth IRA (if eligible) is $4,000. If you are age 50 or older (as of December 31, 2006), you can make an additional catch-up contribution of up to $1,000, for a total contribution of $5,000.

Update your beneficiary designations - If you’ve experienced any life-changing events — such as getting married or having a child — you may want to update your retirement plan and IRA beneficiary designations.

Rollover IRA - Take control of your Retirement Assets

If you've changed jobs or recently retired, you may be wondering what you should do with a 401(k) or other retirement savings account from a former employer. We can help you rollover existing assets into qualified retirement accounts (IRA's) with individualized strategies.

What is a Stretch IRA? A Stretch IRA is an effective wealth transfer tool that enables you to pass on IRA assets to a younger beneficiary, usually your children or grandchildren. If the beneficiary is under age 59 1/2 the premature 10% penalty is avoided because payments to the beneficiaries are treated as death distributions.

Welcome to the Bannon, Ohanesian & Lecours Homepage