Remember the taxes your Business paid last year? How
would you like to take some of this years tax dollars, invest them in
your tax deferred retirement account, and take a deduction for your
business today? By setting up a company sponsored retirement plan at
your Business you can do just that!
Today there are a multitude of retirement plans available to Businesses and their employees. Such a large number of choices can create much confusion for business owners who decide to establish a retirement plan and for employees who have to navigate them. EBFP will guide the employers through the pros and cons of each plan and help them decide on which plan is best for them. EBFP will assist plan participants in tailoring the proper asset allocation along with which Mutual funds to use.
*In addition, your Businesses may claim a tax credit for part of the ordinary and necessary costs of starting a SEP, SIMPLE, or certain other types of plans. The credit equals 50% of the cost to set up and administer the plan, up to a maximum of $500 per year for each of the first 3 years of the plan.*
EBFP will provide each plan participant with a retirement needs questionnaire that will help the participant establish a hypothetical illustration that will target a specific retirement age and a specific periodic contribution amount. In addition a risk analysis questionnaire will determine the proper portfolio mix to match the investors level of comfort. Please note that future performance cannot be guaranteed and investment yields will fluctuate with market conditions. Please let us know via the inquiry/Contact Us section (at the left of this screen) what your needs or questions are, we will be more than happy to provide you with any information you desire. You can also reach us toll free at 877-Exec-Biz (877-393-2249). Together we can tailor a plan to meet your Company Retirement Planning needs.
Please note, changes in tax laws may occur at any time and could have a substantial impact upon each person’s situation. While we are familiar with the tax provisions of the issues presented herein, as Financial Planners and Investment Advisors of Executive Business Financial Planning LLC, we can only give tax information. We are not qualified to render advice on tax or legal matters. To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please consult your tax or legal advisor before making a decision on your particular circumstances. The investment return and principal value of an investment security will fluctuate with market conditions so that when redeemed the value of the investment may be worth more or less than the original cost. Mutual Funds are offered only by a prospectus, which should be read carefully prior to purchase.