Business Retirement Plans

Traditional IRAs are individual retirement plans that have the opportunity for tax deferred growth

• Annual contributions may be tax deductible
• Annual contributions are limited
• Allow for tax deferral until withdrawals are made beginning at age 59½ or later (Withdrawals made earlier could result in a 10% tax penalty.)
• Some limitations to deductibility based on income

ROTH IRAs are individual retirement plans that can allow tax free earnings

• Contributions are made with after tax income
• No deduction on tax returns
• Annual contributions are limited
• Withdrawals are tax free if certain restrictions are met
• Phase-Out can occur for higher earning individuals

Withdrawals prior to age 59½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax. Future tax laws can change at any time and may impact the benefits of Roth IRAs. Their tax treatment may change.

SEP IRAs are for Individual and Small Business Owners

• Have higher contribution limits than Traditional & ROTH IRAs
• Employers make all contributions
• Could be a benefit to maintain employees
• Could be a tax deduction for employer

SIMPLE IRAs are retirement plans normally for businesses with less than 100 employees

• Could be a tax deduction for the employer
• Could be a benefit to maintain employees
• Employer and Employee make contributions
• Normally less expensive than a 401K plan
• Could reduce employees current taxes

A 401K is a retirement plan that can offer higher limits than the Simple Plan

• Could be a tax deduction for the employer
• Could be a benefit to maintain employees
• Employer and Employee make contributions
• Could reduce employees current taxes
• Loans could be available depending on the Plan

Other Services

Life Insurance

Long Term Care Insurance

Disability Income Insurance

Mutual Funds

Advisory Accounts

Education Savings