Protect and Grow Your Wealth for Retirement
As the owner of a closely held business, you may already offer a qualified retirement plan such as a SEP, Simple or 401k. While these plans offer significant tax advantages and meaningful benefits, rules governing contribution limits, minimum distributions, early withdrawals and minimum vesting amounts may not provide you and your key top-level executives with the support needed for securing a comfortable retirement.
Non-qualified benefits give you and your key employees additional ways to save for the future, through solutions such as:
- A supplemental executive retirement plan, which allows you to promise to pay additional income to yourself or your key employees at a later date, which is usually retirement
- An executive deferred compensation plan, which allows you or your key employees to forego receipt of a portion of current income until a later date, which is usually retirement
- Bonus plans, which provide you or your key employees with additional income that can be used to purchase insurance, annuity or investment products
Cora Capital Advisors can help you tailor and implement executive retirement plans to give your business a competitive edge in recruiting and retaining top talent, while simultaneously meeting your business’s objectives.
