Live Long and Prosper
Planning for retirement is more important than ever because now we’re living longer than ever. Read more here.
Help Supercharge Your Clients’ Tax Savings For 2020!
And Help Them Maximize Their Retirement Savings, Too!
Make Sure Your Clients Have Maximized their 401(k) Deferrals for 2020
As the year draws to a close, it is a great time to remind your clients to maximize their 401(k) deferrals. For this year, plan participants can contribute up to $19,500; if 50 or over they can contribute an additional $6,500.
Let us help your client establish a tax-deductible qualified retirement plan.
At Frye Retirement Planning, we use state-of-the-art design techniques to maximize owner/key employee benefits and lower overall plan costs.
$57,000 allocation for each owner in 401(k)/profit sharing plans. If 50 or older, up to $63,500 can be funded into 401(k).
Potentially up to $300,000 max contributions for small business owners in Cash Balance/Defined Benefit plans (depends on age and service).
Uni-K plan to maximize deductions for self-employed, owner-only, partners or owner-spouse business owners with low W-2 wages (i.e. deduct $29,500 with only $40,000 in wages; if 50 or older, deduction increases to $36,000).
Don’t delay – contact our office now to learn how we can help maximize your clients’ tax savings.
Are Your Clients Thinking About Starting a 401(k)?
Need To Act Now For a 1/1/21 Effective Date!
Now is the time to act if your clients are thinking about establishing a 401(k) plan to save on their taxes, and to offer a benefit their employees.
Most companies run on a calendar year basis, and typically, employee benefits start on the first of the year. Aligning the 401(K) start date with other benefits and the tax year will make recordkeeping easier for you and your client. Read More »
Think You Can’t Save For Retirement? Think Again!
Making these small spending and savings changes can help you reach your goal of a better retirement. Check out these 10 easy suggestions via Richard Quinn.
These 5 Mistakes Could Cost You!
If you’re already using a 401(k) for retirement savings, that’s great. Make sure you’re not making any of these mistakes which could have a significant impact over the life of your 401(k) and on your retirement!
Changed Jobs? Don’t Leave Your 401(K) Behind!
If you’ve changed jobs recently, don’t forget to take your 401(k) with you! Over the past 10 years, 25 million people changed jobs and left their money behind. Read more about some things you should know.
