Business Owners
We understand the time, effort and finances that it takes to run a successful business. As a business owner you are in the driving seat for your retirement; it is exciting to take control however, it can be frustrating if you don’t know your destination. We are here to help business owners have plan for their retirement; wither it is to help minimize your tax burden, protecting your business, or even disability insurance to keep the business running while you recover.
Here are some plans that many business owners are taking advantage.
Qualified plans
- A qualified plan is an employer-sponsored retirement plan that qualifies for special tax treatment.
Defined Contribution Plans
- A defined contribution plan is when a certain amount or percentage of money is set aside each year by a company for the benefit of the employee.
Defined Benefit Plans
- Defined benefits plans is a type of pension plan in which an employer/sponsor promises a specified monthly benefit on retirement that is predetermined by a formula
Profit Sharing Plans
- Profit sharing plans are a valuable option for businesses considering a retirement plan providing benefits to employees and their employers.
401(K) Plans
- A 401 (k) is a retirement savings plan sponsored by an employer. It lets workers save and invest a piece of their paycheck before taxes are taken out.
Buy Sell Agreements
- A buy- sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.
Disability Insurance
- Disability Insurance offers income protection to individuals who become disabled.
