- Anyone who wants to save tax dollars; this is not necessarily about retirement income.
- Anyone funding an existing 401(k), profit sharing plan, or SEP and who wants MUCH more flexibility with annual contribution limits.
- Anyone capable of contributing $100,000 or more per year.
- Anyone focused on Asset Protection.
Endless Clients: Use this list to inspire your prospecting.
Entrepreneurs- Lawyers
- Physicians
- Family Businesses
- Consultants
- Clients with earned income derived from oil/gas found on their real estate.
- Family Farms
- Lobbyists
- Real Estate Brokers
- Mortgage Brokers
- Real Estate Developers
- Computer and Software Companies
- Venture Capital/Private Equity Firms
- Hedge Funds
- Authors
- Entertainers
- Clients who sit on Corporate Boards, receiving Director Income
- Clients with second businesses (e.g., clinical trial work, speaking engagements, endorsements)
Reasons Not to Wait until Year End to Implement the Plan:
- Clients are the most receptive to talking about and implementing these plans in April and May (Tax Season)
- Do not be shy about asking your clients how much they want to contribute annually to a plan
- Plans may provide an immediate reduction of estimated quarterly tax payments
- Plans may provide immediate tax free growth of the invested assets
- Immediate Asset Protection
- By implementing a plan early in the year, the client has more time to accumulate the funding for the plan, and
- Implementing early allows the plan administrator to amend and improve any existing 401(k) and profit sharing plans.