Pick a Retirement Plan

Money Magazine in the Octber issuehad a short article by Mina Kimes. She talks about the diferent options for small business retirement plans. She ranked them from the simplest and least expensive to the most complicasted and most expensive plans. Her ranking starting from the simplest first. 1 SEP-IRA Simplified Employee Pension, 2 SIMPLE IRA Saving Incentive Match Plan, 3 Solo 401K Plan, 4 Traditional 401K Plan, 5 Defined benefit Plan. She also left of two more versions The ROTH Solo 401 K Plan option and the ROTH 401K Plan for multi-employee companies. All seven of these options have their own individual advantages for a business owner. For example the largest ammount you can set aside is with a defined benefit plan and the least expeensive plan to set up is the SEP-IRA.They also have their own downsides. SIMPLE plans are the most limited in the amount you can shelter, and the 401 K Plans, and defined Benefit plans are the most expensive to run administratively.

Polaris Financial has Saving vehicles that work with each of these plan options and has plan administrators set up to do the federal paperwork for your business. We also offer very cost effectiive administration of your plans. In addition we work with you to determine which plan is the best for your particular situation.

How can we help you?

www.columbusfinancialplanningpros.com

Business Owners and IRA holders and Loss In Asset Value

Business owners, Self Employed business owners and IRA savers.

We have a question for you. Have your retirement funds decreased in value over the past year or two? Does this upset you? It should! Would you like to prevent that from happening again in the future? We can fix it without the financial risk of market losses. Shouldn't that be your goal? Would you have more assets today if you never had suffered a market loss? In almost every case the answer is a resounding YES!

We can help design or modify a retirement plan to eliminate the risk of market loss and still provide a reasonable rate of return on your retirement assets. Initial bonus on your starting contributions or rollover contributions can help replace some or all of the losses suffered due to market volatility. Does that sound interesting? It doesn't matter whether your current plan is a 401 K Plan, a SIMPLE Plan, a ROTH or Traditional IRA Plan or even a KEOGH plan.
Would you be interested in offering as a plan option a ROTH 401K Plan? If we can't work with your current plan administrator we can switch to a Safe money friendly plan administrator. Why not permit your you or you and your employees to select a plan option offering a reasonable rate of return with no risk of loss due to market volatility. By the way we can also guarantee you and your employees a lifetime income stream that you cannot outlive all within the same retirement plan.

Contact us for a fee free initial consultation about your specific situation!