ROADMAP FOR BUSINESS OWNERS
In this “gig” economy many people who work independently don’t think of themselves as business owners. Are you a consultant or contractor? A successful author or actor with royalties or residuals? Are you paid for serving on a board of directors?
You are considered a “business owner” and eligible for these plans if you have earned income that is reported as Net Profit on your Schedule C and is subject to self-employment tax. This is income from work you are doing even if this is part time, secondary income. And, if you own a corporation, your W-2 income is considered compensation for small business retirement plans.
LEARN MORE ABOUT ELIGIBLE INCOMEIndividuals with self-employment income and owners of a 1-10 person businesses, have several options including: SEP-IRA, SIMPLE, OnePerson (k), 401(k), Defined Benefit, and Cash Balance plans.
Answer 3 quick questions to discover which retirement plan is right for you
Our clients report overwhelming that “current year tax savings” is the top reason they like their Defined Benefit plans. By making large tax-deductible contributions each year, clients keep more of their earnings. A lot more. So, retirement wealth accumulates much faster.
OnePersonPlus and OwnersPlus were designed specifically to be the easiest, most streamlined Defined Benefit plans to open and maintain. Dedicated DB provides all of the services needed to open a plan, and to make sure that you are making the correct contributions, on time, and staying compliant with all IRS regulations.
Our retirement plans allow you to choose the investments you want: mutual funds, annuities, bonds, equities, or any other marketable securities.
Advantages of OnePersonPlus and OwnersPlus Plans:
Getting Started With a Defined Benefit or Cash Balance
ROADMAP FOR BUSINESS OWNERS
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