How Much Can You Contribute To Your Strategic Affluence 401k Each Year? This material is copyright © 2013 by SSEN LLC and is used under license by Strategic.

Slides:

Advertisements

Similar presentations

OPPORTUNITY Roth 403(b) accounts More savings opportunities for your retirement SAVING : INVESTING : PLANNING.

Advertisements

Roth 403(b) Presentation. Workplace Education Series 2 New Plan Contribution Option –Effective [Date] a new contribution option is available to you within.

Section 401(k) Chapter 20 Employee Benefit & Retirement Planning Copyright 2009, The National Underwriter Company1 What is it? qualified profit sharing.

Capital Gains and Dividends Taxes Rates on Gains for Assets Held at Least 12 Months and for qualified dividends. 15% Bracket or Below 25% Bracket or Above.

FRANCISCAN UNIVERSITY OF STEUBENVILLE 403(B) PLAN.

National Life Group ® is a trade name representing various affiliates, which offer a variety of financial service products. Form No (0712) Life Insurance.

1 Castle Financial Advisors, LLC Like the Knights of Olde, Our Advisors Pledge to Help You Build & Fortify Your Financial Castle. Castle Financial Advisors,

Defined Benefit Pension Plan Chapter 14 Employee Benefit & Retirement Planning Copyright 2009, The National Underwriter Company1 What is it? A qualified.

©2015, College for Financial Planning, all rights reserved. Session 9 IRAs–Traditional Deductions and Roth Contributions CERTIFIED FINANCIAL PLANNER CERTIFICATION.

National Life Group ® is a trade name representing various affiliates, which offer a variety of financial service products. Form No (0712) Life Insurance.

Selecting the Appropriate Retirement Plan Qualified Retirement Plans Why Have a Plan? » Help attract and retain employees » Helps the owner and.

Understanding Health Savings Accounts

Investing For Your Best Years: Retirement Module Objectives After completing this module you should be able to: Understand how to define retirement goals.

2015 Tax Facts At-a-Glance Income Taxes 2015 If Taxable Income Is: Married Filing Jointly Single Estates and Trusts

401(K) PLANS Presented by: Mary Read, CPC, QPA National Director of Qualified Plan Marketing For Financial Professional Use Only. Not For Use With the.

©The McGraw-Hill Companies, Inc. 2008McGraw-Hill/Irwin Chapter 11 Retirement and Other Tax- Deferred Plans and Annuities “The income tax laws do not profess.

Optional Health Care Plan H S A Q&A Fall 2013 A Qualified High Deductible Health Care Plan (QHDHCP) with a Health Savings Account (H S A)

The 4 Steps Determine your income need Close your income gap Protect yourself from risks Keep your planning simple.

YOUR 403(B) TAX SHELTERED ACCOUNT PROGRAM 1 Prepared for the Employees of Riverview Intermediate Unit #6.

AIG / VALIC Retirement Services and TDS Present 403b Retirement Plan Services for Foothill - DeAnza Community College District.

2007 Investment Education Expo Simple. Smart. For you. For Life Kentucky’s New Deemed IRAs NRM-4680KY.

Module 30 Retirement Planning. Menu The need for retirement planning Tax deferral and retirement planning Qualification of pension plans Other retirement.

1 SAVING : INVESTING : PLANNING Retirement planning 1 SAVING : INVESTING : PLANNING PREPARE Retirement Income Planning Planning for Financial Security.

Vocabulary. Section 9.1 Vocabulary Pre-tax dollars: Deposit into a retirement account before taxes have been taken out of your paycheck. This lowers your.

National Life Group ® is a trade name representing various affiliates, which offer a variety of financial service products. Form No (0813) Life Insurance.

Basic Investing 401(k) Plan A qualified plan established by employers to which eligible employees may make salary deferral (salary reduction) contributions.

Tax Deferred Annuity Chapter 25 Employee Benefit & Retirement Planning Copyright 2009, The National Underwriter Company1 What is it? Tax deferred employee.

THE ABLE ACT CREATING A BETTER LIFE FOR PEOPLE AND THEIR FAMILIES THANKS TO NDSS.ORG FOR THEIR ORIGINAL INFORMATION.

Upton Investment Group Jamie lee Ashley Pd 8. × What is it? × How does it work? × Loans/Withdrawals × A Great Way To Save × Managed by professionals.

401( K ) PLAN U PTON I NVESTMENT G ROUP. OVERVIEW  what is it?  How does it works?  Loans/Withdrawals  A Great way to save  Managed.

October 18, 2006 Webinar “Asset Protection Strategies that Actually Work” Mat Sorensen, JD “Important Year-end Tax Strategies” Mark Kohler, CPA, JD kkolawyers.com.

IMO FOR AGENT USE ONLY Presented By Michael F. Kresl, CPA National Sales Manager.

SIMPLE IRA Chapter 23 Employee Benefit & Retirement Planning Copyright 2011, The National Underwriter Company1 What is it? SIMPLE stands for “Savings Incentive.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency.

Investing in Real Estate Through Your Strategic Affluence 401k This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence.

Understanding the 72(t) Distribution Rules This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Keep Accurate Accounting This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to.

Your Strategic Affluence 401k: Truly Self-Directed This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC.

Do you have money in another retirement plan, and want to move it to your Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is.

Important Distinction So far, the only strategies we’ve discussed for getting money into your Strategic Affluence 401k have been called “Contributions”

Ongoing Requirements This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be.

Welcome to the Strategic Affluence 401k! This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Non-Contribution Strategy #3: Partnering Salary Deferral Profit Sharing Maximizer Strategy Your Strategic Affluence 401k Reinvest Borrow Capital Partnering.

What are the “Prohibited Transaction” Rules within the Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is used under license.

Are there any potential income taxes payable on investments within the Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is used.

Multiple “Partitions”… This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to.

Investment Strategies Through Your Strategic Affluence 401k This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence.

Strategic Affluence 401k Legal Protection This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Profit Sharing Your Strategic Affluence 401k $51,000 Annual Limit Profit Sharing This material is copyright © 2013 by SSEN LLC and is used under license.

Getting Money OUT of Your Strategic Affluence 401k This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC.

So let’s take a moment to review all of the ways we can properly direct money into your Strategic Affluence 401k: This material is copyright © 2013 by.

The Strategic Affluence 401k Maximizer Strategy Makes It Possible To “Fill Up” Your 401k Each Year With The Most Possible Money Allowed Under Law This.

Your Strategic Affluence 401k Plan Documents This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Fees For Your Strategic Affluence 401k This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Prohibited Transaction Penalties Most of the prohibited transaction rules are very similar between Self Directed IRAs and the Strategic Affluence 401k.

Mortgage Note Investing A great option for many Strategic Affluence 401k participants will be to buy mortgage notes at a discount. This material is copyright.

How can you reach the Maximum Contribution Limit in your Strategic Affluence 401k? This material is copyright © 2013 by SSEN LLC and is used under license.

Implementing Your Salary Deferral This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation.

Bank/Brokerage Account Set-Up This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is.

Roth Contributions Date Presenter Name. 2 Welcome [Prepared for: (enter client name here)]

Multnomah County Deferred Compensation Plan How to Access Your Deferred Compensation When You Leave the County Amanda Devilbiss Investment Advisor Representative.

The Road to Your Retirement Mapping Your Retirement Income Resources Melinda R. Lewis, CFS Financial Adviser ING Financial Partners Your Roadmap to Retirement.

Hard Money Lending If you have available capital in your Strategic Affluence 401k… or even if you choose to borrow capital… Hard Money Lending can be very.

2017 Tax Facts At-a-Glance Income Taxes

Special Savings Plans and Goals

Tax Deferred Investing

Why Maximize Contributions?

Voya Lifetime Income Annuity

Your Money Advisors Francis Investment Counsel: Plan Consultants

Presentation transcript:

How Much Can You Contribute To Your Strategic Affluence 401k Each Year? This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

How Much Can You Contribute To Your Strategic Affluence 401k Each Year? The absolute maximum amount that can be contributed to your Strategic Affluence 401k changes nearly each year. The IRS guidelines on this are at: Affluence401kCo.com/deposit-limits Affluence401kCo.com/deposit-limits At this time, the maximum amount that can be contributed for the benefit of each participant is $51,000* This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Beginning the year you turn 50, your annual maximum is increased by $5,500 (a “catch up” contribution)! But There’s An Exception! This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

For the rest of this presentation, I’m going to ignore the catch-up contribution. Just be aware that if you’re 50 or older by the end of the year, you’re entitled to defer an additional $5,500 of salary each year. But There’s An Exception! This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Note that this is per participant, and NOT per Strategic Affluence 401k. EACH qualified participant can have contributions up to $51,000 per year. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Now You Know The “Absolute” Annual Limit. But Unfortunately, You Can’t Just Deposit $51,000 In Your Account… This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Like Everything Else Where The IRS Is Concerned, There Are Rules Governing How To Contribute To Your Plan. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

3 Components Of Contributions Your Strategic Affluence 401k $51,000 Annual Limit Salary Deferral Profit Sharing Maximizer Strategy This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

How To Contribute The Maximum Each Year… Only the salary deferral component has a defined limit which will be discussed momentarily. Both Profit Sharing and the Maximizer Method can constitute any amount of your Strategic Affluence 401k savings, so long as the total of the 3 components is under the $51,000 annually. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Salary Deferral Your Strategic Affluence 401k $51,000 Annual Limit Salary Deferral This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Type #1: Salary Deferral Salary deferral is money withheld from your paycheck for deposit into your Strategic Affluence 401k. This is the most common kind of retirement savings with which nearly everyone is familiar. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Type #1: Salary Deferral Presently, you can contribute up to $17,500 (or $23,000 if over age 50) for salary deferral. This contribution can be either a Traditional or Roth contribution. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Type #1: Salary Deferral And remember: If your spouse is also a qualified participant in your Strategic Affluence 401k, your spouse can make separate contributions, which essentially doubles your family’s savings potential through your Strategic Affluence 401k, so you and your spouse could jointly put away $35,000 per year! This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Deadlines Also, make sure you consult with your tax advisor regarding the annual contribution deadlines, which varies depending on the entity structure and the type of contribution it is. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Type #1: Salary Deferral As you can see, if you never use any method of contributions to your Strategic Affluence 401k other than just Salary Deferral, you can put away a very large amount of cash for your retirement. This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at

Contribution Type #1: Salary Deferral But there are other more powerful strategies of getting money into your Strategic Affluence 401k, which we’ll be discussing in the next trainings… This material is copyright © 2013 by SSEN LLC and is used under license by Strategic Affluence LLC. This presentation is not to be construed as legal or professional advice and is subject to terms and conditions posted at