Retirement Planning
Smart Financial Planning for Business Owners & Individuals
Planning for your financial future is essential for your business and personal goals. Below are key strategies and investment options to help you build long-term financial security for you and your team.
Individual Retirement Accounts (IRA) & Employer-Sponsored Plans
✔️ Traditional IRA – Tax-deferred growth with withdrawals taxed at retirement.
✔️ Roth IRA – Tax-free withdrawals in retirement with tax-free growth.
✔️ SEP IRA – Ideal for self-employed individuals and small business owners.
✔️ 403(b) TSA (Tax-Sheltered Annuity) – Pre-tax contributions for teachers and non-profit employees, with tax-deferred growth.
✔️ Pension & Profit-Sharing Plans – Employer-funded retirement savings with defined benefits.
✔️ 401(k) Plans – Employer-sponsored plans that allow employees to contribute pre-tax earnings for long-term savings.
Business Financial Strategies
🔹 Executive Benefits – Enhance compensation packages to attract and retain top talent.
🔹 Deferred Compensation Plans – Reduce taxable income while securing future earnings.
🔹 Key-Man Insurance Plans – Protect your business from financial loss in case of the unexpected.
🔹 Split Dollar Arrangements – Cost-effective way to fund life insurance policies for executives.
🔹 SEP Plans & SAR SEPs – Simplified retirement savings options for self-employed individuals and small businesses.
🔹 Flexible Premium Annuities – Adaptable investments that provide tax-deferred growth.
Should I Have An Annuity?
Indexed & Fixed-Rate
Annuities provide guaranteed income for retirement, with indexed annuities offering growth potential based on market performance and fixed-rate annuities providing stable returns.
What is a Rollover?
A rollover allows you to transfer funds from an existing 401(k), 403(b), or pension plan into a new IRA while avoiding tax penalties and early withdrawal fees.
✔️ 401(k) to IRA Rollovers – Gain greater control over your retirement funds with more investment options.
✔️ Direct Rollovers – Transfer funds seamlessly from one account to another without tax consequences.
Reasons to do a Rollover
Business Transition: If selling or closing a business, they may roll over a 401(k) into an IRA to retain tax advantages.
Better Investment Options: Moving from a high-fee 401(k) to a lower-fee IRA or a better-managed plan.
Avoiding Taxes & Penalties: A direct rollover prevents early withdrawal penalties and taxes.
Company Plan Changes: If switching retirement plan providers, funds may be rolled into the new plan.
Need help with a 401(k) rollover?
Learn More Today
Whether you’re a business owner planning for executive benefits or an individual looking to maximize retirement savings, choosing the right investment and retirement strategies is key.
Create a customized financial plan tailored to your goals!
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