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What you’ll learn today ,[object Object],[object Object],[object Object],[object Object],[object Object]
401(k) basics ,[object Object],[object Object],[object Object],[object Object],[object Object]
Why 401(k)? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Benefits of a 401(k) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Tax Savings Example  ,[object Object],[object Object],[object Object],* Assuming tax bracket of 35% REAL TAX SAVINGS (BUSINESS AND INDIVIDUAL) = OVER $17,000* Credit/Deduction Amount Credit/Deduction Details Tax Credit $500 $500 per year for the first three years of a new 401(k) plan 401(k) Administrative Fee $1,980  100% tax deductible Personal deferrals $22,000 $16,500 maximum; $22,000 for those over age 50 Safe Harbor and Profit-Sharing Contributions  $27,000 Tax deductible up to 25% of total company compensation
Build your own future ,[object Object],[object Object],[object Object],[object Object],[object Object]
Advantages of Safe Harbor ,[object Object],[object Object],[object Object]
Know the true cost of a 401(k) ,[object Object],[object Object],[object Object],Illustration: Mark Matcho
True cost of hidden fees
Guidelines for selecting a plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Questions to ask a plan provider ,[object Object],[object Object],[object Object],[object Object],[object Object]
Contact a Retirement Plan Consultant ,[object Object],[object Object]

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Planning for your end-of-year financial goals

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  • 10. True cost of hidden fees
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Editor's Notes

  1. AM
  2. AM
  3. JG
  4. JG
  5. JG
  6. JG
  7. Mention that New Comp, profit-sharing and Roth are options that are only available through our Custom(k) plan -? AM
  8. AM
  9. JG
  10. JG
  11. AM
  12. AM
  13. AM & JG