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Retirement Planning

Retirement plans are the predominant and best method for people to accumulate savings for retirement. There are numerous types of retirement plans, but all the plans offer some combination of tax advantages and other incentives.

Group Plans

Individual Plans
Small Business

Corporate

Government
& Public
Deferred Comp
  • Traditional IRA
  • Roth IRA
  • Individual 401(k)
  • Individual DB
  • Simple IRA
  • SEP
  • Individual 401(k)
  • Individual DB
  • 401(k)
  • Profit Sharing
  • Defined Benefit
  • 457
  • 403(b)
  • 403(b) ERISA
  • SERP
  • Mirror 401(k)
  • Executive Bonus

Types of Retirement Plans

Tax-Qualified Plans
 
 
Other Tax-Advantaged Plans
 
 

What does it mean to be "Qualified"

  • Employer contributions are not subject to federal income tax or payroll tax
  • Employee contributions not subject to federal income tax
  • Tax-deferred growth on investments
  • Nondiscrimination in benefits and contributions
  • Funding requirements
  • Limitations on benefits and contributions
  • Payout restrictions
  • Top-heavy rules
  • Protected by ERISA

Benefits of Qualified & Tax Advantage Plans:

  • Employer contributions are an immediate income tax deduction
  • Employee contributions are an income tax deduction
  • Money grows tx deferred
  • Participant will likely be in a lower tax bracket in retirement years when distribution occur




Contact a LPL Investment Consultant to go over your options for retirement.


Financial Advisors of LPL Financial are Registered Representatives with, and Securities, Advisory Services and Insurance Products are offered through LPL Financial and its affiliates, Member FINRA/SIPC. LPL Financial is not a registered broker/dealer. Investments are: Not FDIC insured, may lose value, are not bank guaranteed, and are not obligations of LPL Financial. LPL Branch Office located at 1311 Carolina Ave, Washington, North Carolina 27889. Investment Advisory Services offered through LPL Financial, a SEC Registered Investment Advisor

FINRA (www.FINRA.org ) SIPC (www.sipc.org)

This site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

 


 
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