A Registered Investment Advisor

A Registered Investment Advisor

A Registered Investment Advisor

A Registered Investment Advisor

A Registered Investment Advisor

A Registered Investment Advisor

Services for Women

Retirement plans provide one of the most efficient avenues for building one's wealth. The contributions can grow on a tax deferred basis, which allows for the pretax compounding of potential growth of assets within the plan. Over time compounding can become significant.

Accordingly as an employer, setting up a retirement plan and making it available to employees as well as yourself is important.

Plans to
   suit your business

The plans available are many and the one you select should be based on the size of your business and staff and what you would like to achieve. A self employed individual or small company with few or no employees will usually do best with a SEP plan because it is simple and cost effective. The paperwork is as simple as an application and quickly processed, and the plan can be placed in a brokerage account or with a mutual fund company.

A small to midsize company may consider a 401K plan that will allow the owner to maximize contributions while providing the opportunity to contribute on behalf of employees. This is a non mandatory election and desirable when the business has valued employees, thereby acting as an employee retention tool. This type of plan requires a third party administrator and annual tax reporting, however fees are reasonable and tax deductible depending upon the plan sponsor’s platform.

Defined benefit plans are attractive for individuals in particular professionals who wish to maximize tax savings with large pretax contributions. This type of plan requires a commitment by the professional or business owner to continue to contribute annually and on a consistent scale to maintain the plan. The employer is also required to contribute on behalf of employees who satisfy the employment eligibility period. Because of these commitments this plan is most effective when the professional/small employer is only a few years from retirement. A third party administrator is needed as well as an actuary for annual tax filings.

Small businesses can offer a SIMPLE IRA when appropriate as this type of plan is low cost, low maintenance, and simple to administer.

Assessing
   your needs

The path to choosing what's right for your business begins with determining the need. We determine your situation and based on your business or profession we help to assess your goals. From there we make the appropriate recommendation for the type of plan that would best suit your needs.

Most important are the income tax savings and the possibility for tax deferred growth. We explain your options and help you decide which selection will work best for you. Once the decision is made we take action and help you put the plan in place.