Plans We Specialize In:
- SEP IRA
- Roth IRA
- Investments
- Bonus Annuities
- 403 (b)
- Retirement Savings
SEP IRA
A simplified employee pension (SEP, or SEP IRA) is a retirement plan that an employer or self-employed individuals can establish. The employer is allowed a tax deduction for contributions made to the SEP plan and makes contributions to each eligible employee's SEP IRA on a discretionary basis.
SEP is a good policy to buy if you:
- Are self-employed people or small-business owners with few or no employees.
- Want the option of making varying contributions from year to year—or even skip a year.
Roth IRA
A Roth IRA is a retirement account that encourages you to save by offering a tax benefit: Your money grows tax-free, and there's no tax on your Roth IRA withdrawals in retirement. A traditional IRA is different: You may be eligible to take a tax deduction on your contributions in the year you put the money in, and then your withdrawals in retirement are taxed as income.
Roth is a good policy to buy if you:
- Expect your tax rate to be higher in the future.
- Have income from work (the IRS term is "taxable compensation").
- Meet the income limitations for Roth IRAs.
403 (b)
A 403(b) plan is a retirement plan for specific employees of public schools, tax-exempt organizations, and certain ministers. These plans can invest in either annuities or mutual funds.
403 (b) is a good plan to buy if you:
- Are a public school, college, or university employee, or an employee of certain tax-exempt organizations, including churches and charities.
