Merry Christmas
And a Happy New Year
We appreciate you!
End of 2012 and ramping up for 2013:
End of year plans
If you or your clients would like a projection, and, subsequently, a plan put in before the end of the year, we can do it! We can handle everything we will need by communicating proposals by email, phone or in-person meetings. Plans put in before December 31, 2012 can still receive a tax deduction even if contributions aren't made until 2013.
Old SEP/SIMPLE IRA Conversions
A few businesses have expressed interest in converting old SEPs and SIMPLEs to 401(k)s or Cash Balance plans. If you (or a client) has a SEP or SIMPLE that has had contributions in 2012, they cannot contribute in 2013 if they want an ERISA-based plan (like the two mentioned above). We can put a new plan in place early in the year, transfer funds from the SEP or SIMPLE into the new plan, and have all of the flexibility, larger contributions and creditor protection offered under 401(k)s and other ERISA plans.
The Fiscal Cliff
How do you combat higher tax rates? Have more deductions and credits. That's where starting plans in 2013 and contributing into existing plans in 2013 is extremely important. Contributions are 100% tax deductible and some plan expenses may qualify as a tax credit (the rest are still a tax deduction). Don't fall off the cliff: let us help ease your 2013 tax burden!
Evergreen Retirement Plan Consulting, LLC
Email: kcarolan@evergreen-retirement.com
Website: www.evergreen-retirement.com
Location: PO Box 1356 Lake Stevens, WA 98258
Phone: 425.238.5617