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IRA AND SIMPLE IRA
A traditional IRA is set up by an individual on their own behalf to save for retirement, whereas a SIMPLE IRA is set up by a small business owner on behalf of an employee (including the owner if he or she is a sole proprietor). Only the owner of a traditional IRA makes contributions to the account, whereas both the employee and the employer make… Read More
ROTH IRA
A Roth IRA is a unique type of tax-free retirement account. Unlike a traditional IRA or 401k, there is no upfront income tax deduction for investing in a Roth IRA—meaning, it is a tax-free retirement… Read More
SIMPLIFIED EMPLOYEE PENSION (SEP)
Simplified employee pension (SEP), or business owner retirement plan, plan provides a significant source of income at retirement by allowing business owner to set aside money in retirement accounts for business owner and their employees as well as self-employed…Read More
401K/PROFIT SHARING
During retirement, you’ll face a tough decision whether or not to get 401K rollover to IRA. A rollover is the conversion of your retirement savings from your 401K retirement plan at work to IRA… Read More
ANNUITY
Annuities are a popular savings tool for those who want to create streams of income at a later date. It is also a good investment tool. There are generally three types of annuities—fixed, equity indexed, and variable, that depends on the rates, needs, and goals of the insured… Read More
GUARANTEED INCOME
An annuity offers guaranteed income designed to meet daily challenges of retirement and long-range future goals. Guaranteed income annuity, or guaranteed future income annuity, covers your future basic living expenses on food, utilities, transportation, insurance premiums, and debt payments… Read More
EXECUTIVE BONUS
The executive bonus life insurance is one of the best ways to attract and retain quality employees. The executive bonus, or Section 162 bonus or executive benefit plan is a life insurance for a selected employee… Read More