Building Your Business for the FutureAs a business owner, you invest in people and their futures. Wealth Management by CommunityAmerica understands the importance of making those investments, and can help ensure you’re securing a successful financial future for you and your employees.
Sole Proprietor Retirement Options
If you’re a sole proprietor, we have a variety of retirement options to suit your needs:
- Simplified Employee Pension (SEP) IRA: Easy to set up, and contributions can often be higher than traditional IRA accounts.
- Traditional IRA: Your contributions are tax-deferred, which means you pay taxes when you withdraw funds for retirement.
- Roth IRA: Contributions to this account are made with after-tax dollars. So, when you withdraw funds for retirement, it’s tax-free.
- Solo 401(k): Contribution limits can often be higher than traditional accounts.
- Non-Qualified Annuities: Similar to the Roth IRA in that it's funded with post-tax dollars. Could be used to supplement other retirement accounts, as it's not part of a tax-advantaged retirement plan or IRA.
Business Owner and Employee Retirement Options
- Savings Incentive Match Plan for Employees (SIMPLE) IRA: Easy to set up, has minimal participation requirements and comes with tax deductions for contributions the employer makes for employees.
- Simplified Employee Pension (SEP) IRA: Easy to set up, but has more requirements for participation. Also comes with tax deductions for contributions the employer makes for employees.
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Securities and advisory services offered through Copper Financial Network, LLC (“CuFi”), Member FINRA/SIPC. CuFi is a SEC registered investment adviser. CuFi is a wholly-owned subsidiary of CommunityAmerica Credit Union. Wealth Management by CommunityAmerica is a marketing name used by CuFi. For important disclosures from CuFi, including our Form CRS, please visit here. Investment and insurance products, including annuities:
Are Not Deposits
Are Not NCUA or otherwise Federally Insured
Are Not Bank Guaranteed
May Lose Value