Retirement Planning is more important than ever before. With the many changes in the social welfare systems it is important to take charge of your future and what better than a properly design retirement plan.
Maybe your current plan is not working for you.
There are two types of plan scenarios:
- Defined Contribution Plans; where it might be one of several varieties of 401(k), Profit Sharing, or IRA.
- Or, a Defined Benefit Plan; Employer sponsored Pension plan.
Imagine your company has $50,000 in available income. Currently, without a retirement plan, you would pay $17,500 in taxes, assuming a 35% tax bracket, and would keep $32,500. If instead, I show you a retirement plan option that you contribute the same $50,000 to, allocating $35,000 to yourself, and giving your employees the remaining $15,000, would you agree there’s something in it for you?
Contact us for a discussion on what may be right for you or your organization.