- May be suitable for self-employed individuals and small business owners who would like to contribute more than the Traditional and Roth IRA contribution limits.\
- Typically has less start up and ongoing costs than a 401(k).
- Maximum contribution limits for 2019 are the lesser of 25% of income, or $56,000.
- Employer must contribute equally to all employees, but are not required each year.
- Contributions are tax deductible for the employer, grow tax deferred, and are taxable as withdrawals.
- Contributions must be made prior to your federal tax filing date, including any extensions.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you discuss your specific situation with your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results.
Investing in stock includes numerous specific risks including: the fluctuation of dividend, loss of principal and potential illiquidity of the investment in a falling market.
Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.
All investing involves risk including loss of principal. No strategy assures success or protects against loss.