Get in touch with us and we can provide you with additional information you may need to make your case to your employee. Talk to Pension Adviser Today.
Menu
Menu
A Retirement Planning Consultants plays a vital role in helping individuals and businesses plan for a secure financial future. These professionals provide expert guidance on various retirement plans, investment strategies, and financial management to ensure a comfortable retirement.
A Retirement Planning Consultants can be an invaluable partner in achieving a secure and fulfilling retirement. By leveraging their expertise, you can create a comprehensive plan that ensures financial stability and peace of mind in your golden years.
Since Social Security represents only a portion of the income you will need for retirement, you must have a plan to provide for the rest. Experts predict this to be a significant percentage of your income. Everyone’s situation is different, so it may be a wise move to work with a financial professional who can help you determine just how much you’ll need.
One way to start saving for retirement is to have your employer sponsor a retirement plan for himself and all the employees.
If you work in a small to medium sized organization, this can be much easier than it seems because the benefits to the owner of the business far outweigh the costs of sponsoring a plan for the employees.
Please use our defined benefit calculator to generate a report showing how much money the owner of your business can put aside for their own retirement. That should encourage them to sponsor a retirement plan for themselves and the employees.
Your employer may offer a retirement plan, such as a 401k plan. This plan allows you to contribute up to $18,000 in 2016, plus an additional $6,000 if you’re aged 50 or older.
Your employer may elect to match part or all of the contributions you make to your plan. For example, if your employer elects the safe harbor 401(k) non-elective plan, you will receive 3% of your W-2 compensation as the employer contribution in a retirement plan. If your employer selects the safe harbor 401k match plan, you will receive up to 4% of your W-2 compensation in the retirement plan, provided you contribute to the 401k plan.
Most of these plans typically provide you with several investment options in which to invest your contributions. Such options may include stocks, bonds, or money market investments. If you leave your company, you can roll over the accumulated balance into an IRA or other retirement plan in a tax-free transaction. However, if you choose to physically receive part or all of your retirement account balance, you will have to pay taxes and penalties.
