Corporate Retirement Planning

MasonMisko can provide solutions for your retirement planning. We’ll create plans that include 401k’s and Simple IRA’s. MasinMisko is here to create a plan for the specific needs of your business.

• Annual contributions of up to $5,000. $1,000 catch-up contributions (Age 50+) i.e. $6,000.
• All capital appreciation and earnings grow without current taxation.
• If certain requirements are met, funds can be withdrawn tax-free.
• Qualified distrubutions are received income tax free.
• If five year holding period is met, all accumulations can be passed to heirs free of income taxes (but may be subject to Estate taxes).
• Income tax treatment may differ state by state
• 10% penalty applies to early withdrawals (before age 59 1/2)
• Income limits may restrict your contribution amount.

401k

• Employer sponsored program.
• Funded by employee salary deferrals.
• Pre-tax investing.
• Mutual funds or self-directed investing.
• $16,500 maximum annual investment for 2011.
• (maximum annual investment limits increase periodically)
• People age 50 or older in year 2011 can deposit an additional $5,500.
• 10% penalty applies to early withdrawals (before age 59 1/2).
• Distributions taxable as ordinary income.

Simple IRA

• Employer sponsored program (less than 100 employees).
• Funded by employee salary deferrals.
• Pre-tax income investing.
• Mutual funds or self-directed investing.
• $11,500 is the maximum employee contribution in 2011
• People age 50 or older in year 2011 can deposit an additional $2,500.
• 25% penalty if withdrawal within 2 years and before 59 1/2 years old.
• Distributions taxable as ordinary income.