Steve was a successful executive serving on multiple corporate boards and generating significant self-employment compensation.
His previous advisor established a SEP-IRA retirement plan account where he could shelter up to $55,000 (in 2018) from current income taxes. While this was adequate, Steve inquired about additional plan options available to maximize his savings potential as well as defer more in taxes. He wanted an advisor that could guide him through some of the lesser known retirement plans available, with a goal of making tax-deductible retirement plan contributions significantly greater than the then-current $54,000 a year. He wanted someone that was not only very familiar with the retirement plan market, but also had relationships with experienced retirement plan consultants who could help him set up and administer the plan.
