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Corporate Retirement Planning

MasinMisko provides solutions for your retirement planning, such as 401(k)’s and Simple IRA’s. MasinMisko is here to create a plan for the specific needs of your business.

Features and Benefits of Qualified Retirement Plans

  • All capital appreciation and earnings grow without current taxation
  • If certain requirements are met, funds can be withdrawn tax-free
  • Qualified distributions 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)
  • State income tax treatments differ state by state
  • Penalty applies to early withdrawals (before age 59 1/2)
  • Income limits may restrict your contribution amount

401(k) Plan

  • Employer sponsored program
  • Funded by employee salary deferrals
  • Pre-tax investing
  • Mutual funds or self-directed investing
  • $18,000 maximum annual investment for 2015 (limits increase periodically)
  • People age 50 or older in year 2015 can deposit an additional $6,000
  • 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
  • $12,500 is the maximum employee contribution in 2015
  • People age 50 or older in year 2015 can deposit an additional $3,000
  • 25% penalty if withdrawal within 2 years and before 59 1/2 years old
  • Distributions taxable as ordinary income

MasinMisko and Securities America Inc are not engaged in rendering legal or tax advice. Individuals should consult with their own legal or tax advisor concerning their own specific situation.