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Qualified Retirement Plans



Today, Social Security benefits are no longer a given as the American population ages. And whatever benefits are available, it is clear that individuals will be required to supplement them with their own savings. That's why it is more important than ever for you to offer a valuable retirement plan to help bridge the gap between retirement needs, and ultimately attract and retain quality employees.

Congressionally approved retirement plans, qualified retirement plans offer a variety of tax benefits, including:
  • Employer contributions can be deducted for income tax purposes


  • Earnings on the plan's investments accumulate on a tax-deferred basis


  • When the funds are distributed at retirement age, they may be eligible for favorable tax treatment.*


  • Taxpayers may be in a lower income tax bracket after retirement
Qualified retirement plans can generally be classified as either defined benefit or defined contribution plans, although some plans include elements of both.

In our opinion, there are five principles or "pillars" essential to an effective and valuable retirement plan:
  • The Plan Fiduciary


  • Solid Plan Design and Compliance


  • Investment Monitoring


  • Education


  • Administration


* Those born before 1936 may be able to elect 10-year averaging or capital gains treatment; these strategies are not available to those born after 1935.
 		 

Securities offered through Registered Representatives of NFP Securities, Inc. (NFPSI), Member FINRA/SIPC.
Investment Advisory Services offered through Investment Advisor Representatives of NFPSI.
The Ganim Group, Inc. is a member of PartnersFinancial, an affiliate of NFPSI.
The Ganim Group, Inc. and NFPSI are not affiliated.

NFP Securities, Inc. does not provide tax or legal advice. Any decisions whether to implement these ideas should be made by the client in consultation with professional financial, tax, and legal counsel.

This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFPSI may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all of the products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact the NFPSI Compliance Department at 512-697-6000.