Executive Bonus
Have you, as the owner, or any of your key executives maxed out contributions to your 401K or other qualified retirement plans? Are you hampered in your retirement planning by the restrictions put on contributions to qualified plans? Would you still like to put additional funds away for your retirement?
Solution:
A supplemental retirement program could be designed using a special life insurance program. Unlike qualified retirement programs, there are few limits to the amounts you can contribute on an annual basis. The program will give you life insurance protection while you are working, so that if you die prematurely, it will create an immediate retirement account for your spouse. When you do reach retirement, the program can produce annual income for life - income tax free.
Contact us for a complementary, no obligation analysis of your personal situation and a proposal on how best to implement this program should it be appropriate for your business planning needs.