Or speak with a retirement professional today at (239) 298-8210
Are you a solo practitioner, independent contractor, or business owner with 1 to 10 employees? Can you afford to contribute a portion of your income for the next 5 years?
Do you fit any of the categories below?
Choosing the right plan comes down to how much income you want in retirement and how much your business can contribute to the plan over the next few years.
Defined Benefit Plans (also known as “pension plans”) are relatively underutilized and often misunderstood.
These plans provide the largest possible retirement benefit and guarantees that you will receive a benefit in retirement. They let you plan backward by choosing the amount of income you want in your retirement years, then calculating the annual contributions needed to achieve that payout.
A Defined Benefit Plan could let you double or triple what you’d put away with a more traditional plan type, while offering several customization options and advantages.
Defined Contribution Plans, better known as 401(k) or Profit-Sharing Plans, are the most popular retirement plans offered by employers today. These plans are an easy way for employees to contribute towards and control how their contributions are invested.
Why a Defined Benefit Plan?
Maybe for you, supplier issues, staffing or equipment malfunctions keep you up at night. Or, perhaps it’s legal and regulatory changes that have you worried.
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Maybe for you, supplier issues, staffing or equipment malfunctions keep you uscp at night. Or, perhaps it’s legal and regulatory changes that have you worried.
We recognize that your business won’t fit into a one-sized-fits-all-solution. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ullamcorper sit amet ligula. Vestibulum ante ipsum primis in faucibus
Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ullamcorper sit amet….
If you haven’t saved enough for retirement, you can make larger contributions later in your career to make up for lost time.
Adding a death benefit is not just a way to protect your loved ones in the event of your passing, it’s also a way to add life insurance to the policy with pre-tax dollars.
Contributions by your business to a Defined Benefit Plan are generally tax deductible.
Plan assets accumulate on a tax-deferred basis. No tax is paid until after retirement. This is a great benefit if you think you’ll be in a lower tax bracket when you retire.
A fully-insured Defined Benefit Plan option can offer a guaranteed retirement benefit that is not subject to the short-term fluctuations of the stock market.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
If you haven’t saved enough for retirement, you can make larger contributions later in your career to make up for lost time
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
A Defined Contribution Plan is subject to market exposure. An employee’s retirement benefit is dependent upon the performance of the plan’s investments.
An employee can control how their money is invested by selecting from a combination of stocks, bonds, mutual funds, and money market investments.
An employer may make contributions to a Profit-Sharing Plan, including matching a certain portion of its employees’ contributions to its 401(k) Plan.
A defined contribution plan is subject to market exposure. An employee’s retirement benefit is dependent upon the performance of the plan’s investments.
An employee can control how their money is invested by selecting from a combination of stocks, bonds, mutual funds and money market investments
The primary difference between Defined Benefit Plans and Defined Contribution Plans is that with a Defined Contribution Plan, you contribute funds that will have an unknown benefit at retirement.
With a Defined Benefit Plan, the business entity contributes a specific amount of funds based on a set payout in retirement, so you know exactly what you will get in your retirement years.
Your business can make contributions to both types of plans. Depending upon the plan, contributions can be substantial.
There is no tax on plan assets, which allows contributions and earnings to compound at a faster rate.
Both Defined Benefit Plans and Defined Contribution Plans provide a meaningful benefit that can help you attract and retain experienced employees.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
Your business can make contributions to both types of plans, Depending upon the plan, contributions can be substantial.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
The right mix of strategies can help you design a better plan that aligns your employees needs with your financial goals.
Complete questionnaires and estimate your plan contribution
Speak with a Retirement Plan Professional to review your needs
Receive a customized plan proposal for you and your stakeholders
Implement your new plan and complete all paperwork
Receive ongoing reporting and policy administration
You can also speak with a retirement plan professional at (239) 298-8210
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