There is a whole new kind of life ahead, full of experiences just waiting to happen.
Some call it “retirement.” I call it bliss.
— Betty Sullivan
What does retirement mean to you? Whether it’s the time to do more of the things you love or to ride off into the sunset on a Harley, financial worries should not be part of the equation.
That leads to the next question: Are you setting money aside for your retirement?
You are not alone if your answer to this question is a hesitant and somewhat defensive “no.” But you are a step ahead of the folks who answer that they haven’t even given it a thought.
Pension Plan Selection and Set-up
The selection of the appropriate retirement plan for your company is critical. It’s not a flip of the coin, but education that allows you to choose which plan is right for you. There are many options, including SIMPLE, SEP, 401Ks, Safe Harbor 401K Plans, Cross Tested Plans, Defined Benefit Plans, and Cash Benefit Plans.
Administrative costs for these plans range from nominal to very expensive.
EAS offers counsel as to the selection of the plan most appropriate for your firm as well as connectivity with a number of financial advisors who can assist in the actual implementation of the program.
Your company needs to spin off not only your payroll but also retirement funding. If it does not do that, it’s time to reassess the solidity of your business venture. EAS can offer counsel on that front as well.
Your pension plan is your safety net. Your financial future is worth protecting.
If you would like to speak with us further about our pension plan selection & setup please contact us here.