Individual Plans

Whether you have an IRA, 401k, TSA (Tax Sheltered Annuity) 403b or another type of retirement plan, you will certainly be interested in how your plan is being funded, and whether you have the option to choose your own investments, or roll your plan over to an independent "IRA Rollover", in which you can direct and control the type of investment to best grow your retirement plan. Even with company plans, participants can often choose the type and allocation of funds for their own retirement.

A critical ingredient for your plan is that it be set up correctly so that it is not taxed when you die, but rather rolled over to your beneficiaries.

Participants may not be aware of the choices they have to maximize the growth in their plans and may not understand how the right choices can impact how much money will be available to them at retirement.

If you would like to know more about your own choices, call our office for a review.

"Stretch IRAs"

The multi-generational or "Stretch IRA" is a great way to defer taxes on your retirement plan, and provide wealth and income for future generations typically far in excess of your present plan's value. It is essential, however, to set your account up correctly so as to avoid a lump sum distribution which would eliminate the chance to leave this legacy to your family.

Business Plans

Businesses have many options and plan types available to choose from, such as Pension, Profit Sharing, Defined Benefit, Keogh's and 401k plans. Individual business owners can also start a Simple or a Sep-IRA.

Can you fully fund your 401k plan?

Because of strict "testing" requirements for businesses offering 401k plans to their employees, there may be problems for some highly compensated employees to fully fund their 401k plans, despite their desire to maximize both their tax deduction and their annual contribution. In this case they may be interested in an alternative plan, which we can customize.