Broker Check

3500 West Olive Avenue
Suite 300
Burbank, CA 91505

Comprehensive Wealth Management Robert Farmer

818-237-5589

 

Retirement Planning

As a small business owner, whether you are incorporated or file a Schedule C, we may be able to show you how to defer taxes and fund your retirement with the tax savings!

  • SEP IRA-Allows you to deposit up to $53,000 per year (2015 and 2016) and defer taxes on the deposit and earnings in the plan.

  • SOLO (401k)-If your business employs you, you and a business partner or you and your spouse,  may be able to defer up $18,000 per year in 2015 and 2016 (plus $6,000 as a catch up contribution, if you are over 50 years old) and an additional amount of tax deductible contribution from your business. 

  • Defined Benefit Pension Plan- If you want to take advantage of tax savings opportunities that are greater than the plans mentioned above, a Defined Benefit Plan may present an effective strategy. The Pension Plan is structured to provide an opportunity to make up for lost time in your retirement planning, while maximizing your tax deferral strategy. These plans are not as flexible as the options mentioned above, but they afford an owner with the greatest opportunity to make larger contributions which can be significantly higher than the limits for SEP and 401(k) plans.