Privately held Businesses and Corporations face unique challenges that require the knowledge of an entrepreneurial firm like KWM. A qualified retirement plan can provide large tax deductions while allowing the business owners to save for their retirement. Qualified plans include a 401(k) Plan, a profit sharing plan, a defined benefit plan or a hybrid combination.
Kolinsky Wealth Management’s Retirement Planning Division has the resources and depth of experience to provide a variety of retirement plan designs and services.
As our clients are different, so are the retirement plans we develop for them. High net worth individuals sometimes require unique elements to their plans. Each plan design should have components that reflect a client’s current circumstances and future needs. It is our goal to provide the expertise and tools that will help ensure a secure financial future for each of our clients.
The following plan design examples make the following assumptions (if the actual situation differs, the contributions may be different). Retirement Age: The later of age 62 or 5 years of participation in the plan. Entity Type: Corporation, contributions might differ for sole proprietors. Income Type: W-2. Business Start Date: 1/1/2017 (note IRS contributions limits have changed since then).