Tax Qualified Retirement Plans
Tax-Qualified Retirement Plans
As an individual, you may be able to take advantage of tax-qualified retirement plans that offer tax incentives to save for retirement. Everyone's situation is unique, our Advisors will help determine what type of retirement plan or plans may work best for you.
As a business owner, tax-qualified retirement plans may offer substantial tax incentives for both employees and owners to save for retirement. Retirement plans may help attract and retain employees. If you already have a plan, we may help determine if you are maximizing the benefits, or if another plan may be more suitable.
Traditional IRA
A Traditional IRA may help you lower current income tax, defer taxes on earnings, and have a wide variety of investment options available.
Roth IRA
A Roth IRA may provide future tax-free income. While no tax deduction for current contributions, a Roth IRA provides tax deferral of earnings.
SEP
A Simplified Employee Pension provides business owners with a way to contribute both to employees' retirement as well as their own retirement savings.
SIMPLE Plans
Savings Incentive Match Plans for Employees plans allow business owners to easily provide a retirement plan for employees and themselves.
401(k) Plans for Business
A 401(k) plan allows employees to contribute a portion of their wages to individual accounts, while receiving employer contributions.
401(k) Plans For Individuals
You don't need employees to enjoy the benefits of a 401(k) plan for your self-employed business. Spouses may participate as well.
Cash Balance Plans
Cash Balance Plans are in addition to other retirement plans plans that allow substantial tax-deferral. Accelerate your tax-deferral with Cash Balance Plans.
401(k), 403(b), & 457(b) Roth Designated Accounts
Designed Roth Accounts provide potential future tax-free income coupled with the higher contribution limits of group retirement plans.
403(b) Plans For Public School Employees
Available to employees of public schools, 403(b) is similar to 401(k), but has additional benefits and rules. 403(b) plans coordinate well with your pension.
403(b) Plans For Tax-Exempt Organizations
Employees of certain 501(c)(3) organizations may enjoy the benefits of a pre-tax retirement plan. Also similar to 401(k) plans found in the private sector.
457(b) State or Local Governmental Plans
State or local governments may offer 457(b) plans that resemble 401(k) plans, and offer additional contribution limits and potential earlier retirement dates.
457(b) Plans for Tax-Exempt Organizations
A 457 plan offered by 501(c)(3) organizations vary substantially from 457(b) governmental plans.
Withdrawals Prior To Age 59 1/2? Methods To Avoid The IRS Early Withdrawal Tax Penalty
Our business is built on a foundation of thoughtful client relationships.
What Plan Is Right For You? Let's Talk
We collaborate with individuals and 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 or combination of programs available.
We also share the perspective of business owners, being owners ourselves.
Let's talk about what makes the most sense for you, helps maximize your retirement savings with a tax-efficient strategy that is designed for your specific situation. Our Advisors will hep you navigate to your desired financial destination.