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  • If certain requirements are met, funds can be withdrawn tax-free.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.
MasinMisko is not engaged in rendering legal or tax advice. Individuals should consult with their own legal or tax advisor concerning their own specific situation.
MasinMisko
4827 Pioneers Blvd # B
Lincoln, NE 68506-5357
(402) 486-4206
Toll Free: 866-292-7777
http://www.masinmisko.com