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PLAN |
IDEAL
INVESTOR |
SPECIAL
FEATURES |
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IRA |
Every wage earner
that wishes to save for retirement with dollars that can grow
tax-deferred. Ideal plan for
individuals interested in planning ahead for a secure future. |
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A wage earner with
family income within the Roth IRA AGI limit:
Up to $166,000 joint, $114,000 single filers. |
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TSA |
School teachers,
employees of universities, colleges, hospitals, churches and other
non-profit organizations wishing to reduce their personal taxes and save
for retirement with tax-deferred dollars. |
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| Firm
with fewer than 100 employees seeking
to minimize filings, limit company contributions and paperwork. One short form sets it up and
investments are made to an IRA. May
exclude employees with less than 3 of previous 5 years of service and
those under 21. |
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SEP |
Small firm seeking
to minimize filings and paperwork. One short form sets it up and
investments are made to an IRA. May
exclude employees with less than 3 of previous 5 years of service and
those under 21. |
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SARSEP |
Business with 25 or
fewer employees wanting to offer employees a way to invest through
convenient salary reduction in before-tax dollars.
Limit contribution by the business.
Special non-discrimination test.
May exclude employees with less than 3 of previous 5 years of
service and those under 21. |
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Profit
Sharing |
A firm where cash
flow and income are somewhat variable. Ideal plan for firm wanting a
flexible contribution with a maximum of 25%.
May exclude employees under age 21 and those with less than 2 years
of service. |
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Money
Purchase |
A firm with
substantial income. Ideal for
a firm wanting to maximize contributions at a fixed percentage. May exclude employees under age 21 and those with less than
2 years of service. |
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401(k)
Plan |
Larger firm where
the majority of employees defer a portion of their salary. Ideal for
business desiring to contribute on a match basis.
Special non-discrimination tests for deferrals.
May exclude employees under 21 and those with less than 1 year of
service. |
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Sec.
457 Plan |
Installed and
administered by the government agency that can limit choices. |
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Send mail to webmaster@fimadvisors.com with questions or comments about this web site.Regulatory Disclosure InformationSecurities offered through Mutual Service Corporation. Mutual Service Corporation and LPL Financial are affiliated companies and are members of FINRA/SIPC. FINRA web site is www.FINRA.org. Investment Advisory Services offered through Financial & Investment Management Advisors, Inc., an SEC Registered Investment Advisory Firm. Financial & Investment Management Advisors, Inc. is not affiliated with Mutual Service Corporation or LPL Financial.Certified Financial Planner Board of Standards Inc. owns
the certification marks CFP®,
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and C