SEP-IRA (Simplified Employee Pension)
For small business owners seeking retirement benefits and a business tax deduction.

	The basics Plan is solely funded by business owner Contributions are not required every year but must be the same percentage of pay for all employees, including the owner(s) Policies are owned by the employees; contributions are immediately vested Withdrawals are taxed as ordinary income Distribution prior to 59½ subject to 10% IRS Early distribution penalty
	May work well for a client who… Is self employed Owns a business with few (or no) employees Wants to attract and retain employees Needs a significant tax deduction

SIMPLE IRA (Savings Incentive Match Plan for Employees)
For employers with less than 100 employees seeking to make contributions toward their employees' retirement.

	The basics Plan is primarily funded by elected pre-tax employee contributions Employers are required to make contributions: Flat 2% for all eligible employees, or Dollar-for-dollar match of up to 3% for contributing employees Policies are owned by the employees; contributions are immediately vested Distributions made to participants under the age of 59½ within 2 years of their entrance into the plan may be subject to a 25% early distribution penalty
	May work well for a client who… Is looking for more tax savings opportunities for their business Does not currently offer any other employer sponsored retirement plan Wants to offer a pre-tax retirement savings plan for employees Wants to attract and retain employees

Marketing Material and Forms

State Mandated Retirement Plans

Traditional IRA: Pre-Tax Contribution
For clients seeking tax-deferral on contributions and a tax deduction.

	The basics Contributions may be made regardless of income – deductibility may be limited based on AGI 10% IRS tax penalty applies to withdrawals of both contributions and earnings if made prior to age 59 ½, with certain exceptions Withdrawals are taxed as ordinary income Required Minimum Distributions (RMDs) must start at age 72
	May work well for a client who… Needs a tax deduction Wants to save in a tax-deferred vehicle but is okay with paying taxes on withdrawals in retirement Anticipates their income tax bracket at retirement to be lower than their current bracket Has maxed out contribution to their employer-sponsored plan, has income below the deductibility limits, and would like to save more Does not have access to an employer-sponsored retirement plan

Roth IRA: Post-Tax Contribution
For clients seeking tax-free withdrawals in retirement.

	The basics Withdrawals are tax free if Roth has been in place for five years and one of the following: Age 59 ½ Disability First time home purchase up to $10,000 Client may contribute at any age Contributions may be made if income limits are not exceeded There are no Required Minimum Distributions (RMDs) 10% IRS tax penalty applies to withdrawals of earnings only if made prior to age 59 ½, with certain exceptions
	May work well for a client who… Wants tax-free withdrawals at retirement Anticipates their income tax bracket at retirement to be higher than their current bracket Has maxed out contribution to their employer-sponsored plan and would like to save more Does not have access to an employer-sponsored retirement plan

Marketing Material and Forms

For clients who want to optimize IRA assets beyond their own retirement to leave a lasting legacy.

Marketing Material and Forms

• Payment made directly to another retirement plan or to an IRA.
• The administration may issue the distribution in the form of a check made payable to the client's new account.
• No taxes will be withheld from the transfer account.

• Payment directly from the IRA to another IRA or to a retirement plan.
• No taxes will be withheld from the transfer amount.

• Distribution is paid directly to the participant.
• Participant can deposit all or a portion of it in an IRA or retirement plan.
• Taxes will be withheld from a retirement plan distribution; client will need to use other funds to roll over the full amount of the distribution.