Retirement Plan Program Overview

 

A Powerful Way to Secure Your Future

If you have any type of self-employment income - whether you're a sole proprietor, partner, owner of an incorporated or unincorporated business or even a moonlighter earning extra cash - you can give your financial security a big boost by taking advantage of the retirement plans designed especially for individuals like you.  The fact is, a retirement plan offers benefits that you won't find anywhere else.

 

Through a special program offered by Ward Aguilar Financial, Inc., and SmallBizRetirement.com you are able to receive the benefits normally reserved for large corporate plans such as no front-end or back-end sales charges and lower negotiated expense ratios.  We offer full service programs with nationally well know investment firms as well as self-directed brokerage programs - all with the benefit of advisor support.  We suppport programs with no set-up fees, low annual fees, no extra layer of charges, and pricing normally reserved for large investors along with a full array of mutual funds to select from.

Available Retirement Plan Options Include:

Individual or Solo 401(k), including Roth 401(k)

Individual or Solo Defined Benefit

Simple IRA

SEP

Traditional 401(k), including Safe Harbor

Profit Sharing

Individual IRA or Roth IRA

 

 Why consider a Retirement Plan?

As the cost-conscious owner of a small business, you may think a retirement plan is a luxury.  Actually, it's a benefit for you and your employees you can't afford to pass up. Funded by tax-deductible contributions, a small business retirement plan can help to:

  • Reduce your business taxes
  • Build vital retirement savings for yourself
  • Provide an attractive benefit to recruit, reward and retain valuable employees

  

Retirement Tax Relief for Small Business Owners

Over the last decade, Congress, recognizing the huge impact that small enterprises have had on new job growth, has supported a whole new breed of retirement plans tailored to the specific needs of smaller ventures.  You've probably heard of the 401(k) plan - a retirement plan option popular with large corporations.  But did you know that this type of plan may not always be the best option for many small businesses, especially those with 20 or fewer employees?  That's why Congress created plans like SIMPLE IRAs, SEPs and Profit-Sharing plans.  These types of plans may be suitable for small business looking for low cost, minimal government regulations and/or relief from having to make a contribution to a retirement plan every year.  Each of these plans, along with others, is discussed in various sections of this web site.  And while each plan has its own unique features, all of them:

  • Offer one of the best ways to shelter personal and business income from taxes
  • Allow employees to take advantage of tax-deferred investment earnings to accelerate the growth of retirement savings
  • Provide the caliber of benefit necessary to attract, hire and keep quality employees

As an added incentive, the government is offering special tax incentives to small business owners who establish retirement plans.  Please ask an advisor at Ward Aguilar Financial about qualifying for tax credits.