A 401 (k) plan can be one of the most effective ways for employees to save for their retirement. The contributions from the employee’s paycheck are pre-tax and can be invested among the investment choices provided by the employer’s plan. The investment savings also grow tax deferred inside the plan until withdrawn at retirement *. Additionally, many employer’s make company contributions to the employee’s retirement contribution which may include a matching contribution and or a profit sharing plan that is also done on a pre-tax basis. The 401 (k) and Profit Sharing plans can be an effective way to save for retirement and reduce current income taxes. Contact us to learn more about these plans and how to get started.
*Plan distributions may be subjected to tax and a 10% penalty if withdrawn before age 59 1/2.
Contact us to set up a meeting to discuss your individual needs. Phone 707-446-7623, firstname.lastname@example.org