The Right Small Business Retirement Plan for You Can Earn Better Returns and Save on Taxes

As medical technology gets better and better, people are living longer and longer.  In fact, just over the last 10 years life expectancy has increased by 6 years. 

And if we’re living longer, our living expenses will increase as well. 

So proper retirement planning is critical to living a happy and secure retirement life.


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When you have a solid plan in place, you can rest assured that you’ll be able to live comfortably in retirement and that your loved ones will be taken care of financially if something happens to you. 

Working with a retirement advisor can help ensure that all of your bases are covered.

Retirement Financial Planning

When it comes to retirement planning, there are a few key things to keep in mind. First, it’s important to have a realistic idea of how much money you’ll need to live comfortably in retirement. 

Of course this depends on the lifestyle you wish to maintain, but we can help you think about  the expenses you might not have considered.  Then, we’ll outline a clear and realistic vision of your “Years After Work,” and create a plan to meet your retirement goals.  (For example, just knowing which account to draw out of and when makes a significant difference in your bottom line!)

Next, we’ll guide you through the tax implications of all your options.  Sorting through 401ks, IRA’s (Traditional, Roth, or SEP?), and other various options can be overwhelming!  And since everybody’s financial situation is different, we take into account all the variables and help you choose strategies that fit your particular situation and reduce your tax burden. 

Finally, you’ll need to choose from a variety of retirement plans for individuals. There are many different types of retirement plans available, and many of them carry various degrees of risk.  Higher yield funds tend to carry more risk, while lower yield funds carry lower risk.  As your situation changes, so might your risk tolerance! 

But we can help you choose the plans that best balance your risk tolerance and income needs.

Case Study

Daniel, at 51 years old, owned an S Corporation that paid him an annual wage of $115,000. 

He knew that he needed to  fund a retirement plan, but felt overwhelmed at all of the choices.  His only other employee was his wife. So, we evaluated a variety of retirement plan choices and selected a solo 401K. 

The solo 401k allowed him to contribute $47,125 into his retirement plan instead of only $21,375 that would have been allowed in a SEP-IRA. 

This $26,000 difference let him more than double his retirement contribution and also saved him an additional $5,720 in tax.

To see how we can help you maximize your retirement contributions and save money on taxes, give us a call or visit our office in Fort Worth, TX today!