401(k) Retirement Plan

Retirement Savings With Current Tax Reduction

Our business is built on a foundation of thoughtful client relationships.

401(k) Retirement Plans

Allow you to contribute to your retirement on a pre-tax basis
Help attract and retain quality employees
Allow employees to enjoy the convenience of payroll deduction
Provide reduction in current federal and state income tax
Provide tax deferral of earnings until withdrawn
Have employer contributions that are tax-deductible
Do not reduce your contributions to Social Security or Medicare

Current Income Tax Reduction and Tax-Deferral

As a pre-tax retirement plan, your 401(k) contributions result in lower currently taxable income. Contributions to a 401(k) plan do NOT reduce your contributions to Social Security or Medicare.

Hypothetical paychecks are shown below, considering a "regular" paycheck before the 401(k) plan and after.

Note that the Federal Income Tax Withholding and State Income Tax Withholding amounts decrease, while there is no change to FICA or Medicare calculations.

Contributions to the plan, along with investment earnings, are tax-deferred until withdrawn.

Paycheck Example

We create strategies that are tailored to your needs and goals.

Before 401(k)

Years of experience have prepared us to guide you through your life transitions.

Flat Contribution

Trust. Honesty. Integrity. We believe values matter, and we live by ours every day.

Matching

Want to learn more about retirement, social security, or estate strategies? We have a wealth of resources.

Paycheck scenarios are hypothetical, provided for concept, and should not be used for determining payroll tax withholding.

How Much May I Contribute?

The IRS establishes annual limits on employee contributions, which are indexed for inflation. Click the button below to see the current year limitations.

Retirement Plan Contribution Limits

Withdrawal Rules

Our first priority is helping you take care of yourself and your family. We want to learn more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

How Are Contributions Invested?

The IRS establishes annual limits on employee contributions, which are indexed for inflation. Click the button below to see the current year limitations.

Invest Efficiently

We Help You Evaluate What Type Of Plan May Work Best For Your Business

We collaborate with business owners to evaluate the various types of retirement programs available and help determine which may be a fit for your situation. Our advisors have experience with simple to complex business structures and the available tax-qualified retirement programs available.

We also share the perspective of business owners, being owners ourselves.

Let's talk about what makes the most sense for your business.

Our business is built on a foundation of thoughtful client relationships.

Let's Talk

Learn About Other Tax Qualified Retirement Plans

Important Information

Tax information is provided for informational use only and should not be used for preparation of your tax return. Income tax is complex. A qualified tax professional may assist you with determining your overall income tax liability. Consult your attorney, accountant, or tax advisor for your specific situation. Tax, legal, or social security claiming services are not offered through or supervised by Lincoln Investment or Capital Analysts.

For more information about 401(k) retirement plans, visit the IRS site or contact Knox Financial Services.