Give yourself the ultimate gift – retirement confidence. Sure, it seems grinchy to be reminded of the ever-increasing need for retirement funds. Yet the golden years will seem much more holly jolly with a nest egg set aside.
Small business owner? If you run your own business, opening a SEP (Simplified Employee Pension) plan can be a great fit. Offering the ability to contribute tax-free funds at year-end, it's a great product to consider when settling the books with your CPA. Consult with your financial advisor regarding how much you can set aside – a SEP plan may allow you to contribute an amount up to your annual income*. The plan is incorporated into an IRA (Individual Retirement Account). SEP plans also allow you to contribute toward your employee's retirement savings, making it a good option for businesses with only a handful of employees. Your employees simply need to open a SEP-IRA, to which you would contribute.
Larger businesses may want to conduct a larger-scale 401(k) contribution. Your accountant can help establish partnerships with 401(k) programs. Have questions regarding your current portfolio? Curious if you're on the right path to retirement? BECU Investment Services is merely a phone call away – consultations are always complimentary. Call (800) 233-2328 ext. 5720.
*Please consult your tax advisor
*Financial Advisors are registered with, and Securities and Advisory Services are offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. BECU and BECU Investment Services is not a registered broker/dealer and has a brokerage affiliate arrangement with LPL Financial. Investments are:
|Not NCUA/NCUSIF Insured||Not Credit Union Guaranteed||May Lose Value||Not Obligation of BECU|
BECU, BECU Investment Services and LPL Financial are separate entities.