One Person 401(k)
The pension laws have changed...drastically!
Especially for the small one-person business or self-employed individual.
If you don't have a 401(k) plan, we can help save for retirement and reduce your taxes. If you already have a plan that has not been updated, then you really should give us a call to see how we can improve your plan. Here's why:
| Plan Years | Age |
Salary |
Max Profit Sharing Contribution |
Max Elective Deferral |
Total Deduction |
Taxable Salary | % of Taxable Salary |
| 2001 | 50 | $51,000 | $7,650 | $0 | $7,650 | $51,000 | 15% |
| 2014 | 50 | $51,000 | $12,750 | $23,000 | $35,750 | $28,000 | 128% |
Do you need to save more for retirement?
Do you need to reduce your current income taxes?
Call us today for a FREE feasability study to see how much we can improve your current plan, or a FREE look at how a new plan can help you achieve your retirement goals. The call is on us (800) 680-5596, or click This email address is being protected from spambots. You need JavaScript enabled to view it..