There are many rewards to running your own successful business. The flexibility to customize a retirement plan tailored to your goals is just one of those rewards. You need a plan that works well today - and in the future as your business grows. Whether you’re a sole proprietor, LLC or S Corp, there’s an option for you.
All of the options we lay out reduce your current taxes while your assets grow tax-deferred. You’ll begin paying taxes when you take money out later in retirement, but only on the actual dollars withdrawn.
You may not have heard the term HENRY before - it refers to a High Earner, Not Rich Yet. There is no standard definition for HENRYs, however, we at AssetGrade have come to think of them as people who: