Small Business owners
Women Financial Power Offers Retirement Plans For Professionals, Small Businesses With 1-10 Employees, And Individuals With Self-Employment Income. We recognize that most entrepreneurs are focused on their business, but it's time you had peace of mind. Know what your retirement will look like, start the road to securing a comfortable future. The longer business owners wait to contribute to a retirement plan, the further they are from accumulating a retirement nest egg
Why High Income Business Owners and entrepernuers Open NONQUALIFIED RETIREMENT and SAVINGS Plans
The main benefit that nonqualified plans provide for our clients, according to their feedback, is tax-free earnings. Clients keep more of their profits by making yearly significant contributions that are taxed each year. So, they do not pay taxes on their retirement wealth later and their wealth lasts much longer.
"What can we do right now to position ourselves better if we find ourselves in a scenario where we will be exposed to all of this tax rate risk?" Taxes have gone up historically, and most business owners and entrepernuers want assets that will grow tax-free. Free of federal, state, and capital gains taxes, as well as social security taxes.
This investment is handled differently from every other investment that is available. It enables you to have access to the funds. Although it is a retirement vehicle, there are no penalties if you withdraw the money before age 59 and a half. It is grown tax-free; there are no 1099s. When you withdraw the money, you wouldn't have to worry about paying taxes. There are no contribution caps, and the maximum contribution is not $7,000.
a future worth securing
Women Financial Power helps business owners and individuals maximize their retirement income and minimize market risk by making contributions to an IRS-approved retirement plan. To assist you with determining if this is the best course of action for you at this time, we have streamlined the process and offer free consultations.
So, am I a "Business Owner"?
Many independent contractors do not consider themselves to be business owners.
Do you work as a contractor or a consultant? A successful author or entertainer who generates profits or residuals? At Women Financial Power, we assist high-income, self-employed people with preserving their wealth by offering tax-free retirement plans. Entrepreneurs and business owners across a variety of industries make up our clientele. Independent contractors, online coaches, YouTubers, consultants, designers, and physicians are among our clientele.