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Defined Benefits
Often administered through a Keogh, defined benefit plans allow the business owner to build up a sustantial nest eg for retirement in the shortest amount of time. Employers are allowed to contribute as much as is needed to provide an annual retirement payout of $160,000 or 100% of the average of your three highest consecutive pay years. (You'll need an actuary to help you with the calculations.)
Investment risk and portfolio management are entirely under the control of the company. There are restrictions on when and how you can withdraw these funds without penalties.
To learn more about defined benefit plans or to talk about retirement options, contact us at 1-877-TULLYCO.
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401k/403b
SEP Plans
Profit Sharing
SIMPLE
Defined Benefits
Tully & Co. Investments
481 Hanover Street
Manchester, NH 03104
603-665-9220
603-665-9227 (f)
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