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Group Retirement

Whereas in the past families had a sizeable part of their wealth in home equity and bank savings accounts, these days people are becoming more dependent on their 401(k)s and other company retirement plans.

Why should I consider offering a group retirement strategy for my employees?

Setting up an employee retirement plan can be a smart way to provide for one of your key assets – your people – as well as benefitting you and your business.

A quality retirement plan can help attract and retain valuable employees, reduce your company’s tax burden, and allow you to invest money in your own retirement.

What are some good plan options I should consider?

There are many types of retirement plans – 401k, 403b, IRAs, profit-sharing and defined-benefit (or pension) plans. Each has its own benefits, features, levels of complexity and administrative costs. Some are designed for large companies; others, for smaller enterprises. There may be tax implications, as well.

Ferruso & Associates can help you tailor a plan to the needs of your business.

Schedule an appointment with Ferruso & Associates today!

 
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Check the background of this financial professional on FINRA's BrokerCheck