Some people think that because they have a retirement plan at work or a well-funded IRA, they are all set for retirement. But are you? Perhaps. But at what age, after-tax income level and lifestyle? With life expectancy longer than ever today, will you outlive your retirement funding? Even those with defined-benefit plans need to determine if there will be sufficient funds for retirement, or whether a supplemental annuity or other retirement funding vehicles should be incorporated, and on what terms. Many are unsure what role, if any, social security will play, and whether it will integrate into their current retirement plan, or whether benefits will be reduced, or whether they will be taxed. In addition, adjustments for inflation and differing rates of return can have an immense impact on retirement planning.
Are you self-employed? There are numerous options for creating a tax-deferred retirement plan for just yourself, or plans designed to incentivize and reward your employees as well. Are your cash flows stable enough to meet the required mandatory funding of one of the many qualified plans, or would a more flexible profit-sharing plan be more appropriate? Did you want to offer your employees fringe benefits, such as health and life insurance, or set up an HSA to help offset costs of your high-deductible plan? There are numerous options, and strict regulations for different tax-deferred plans, including documentation, annual reports, and potential ERISA reporting. By understanding the goals for your business, employees, and retirement, and analyzing your tax returns and related cash flows, I can help you choose the right plan that meets you and your business' unique needs.
Let a Certified Public Accountant and financial adviser help you reach your retirement goals. When I manage your assets, I can develop an integrated financial plan, giving you specific monthly (or annual) savings targets, based on your current age and desired retirement age, your projected income and expenses, the expected rate of return on invested assets, while accounting for inflation. I serve Naples, Florida locally, and nationwide remotely. RATES & QUALIFYING