MEMBER BENEFIT #3 ICA Group Solo 401K Plan
The ICA Group Solo 401K Retirement Plan is designed exclusively for self-employed professionals whose incomes can fluctuate. You can contribute heavily during the "fat" years, contribute little or nothing during the "lean" years and even borrow from it if you need to.
Advantages of the ICA Group Solo 401K Retirement PlanMake higher contributions than an IRA
You may be able to contribute as high as $50,000 annually on a tax-deferred basis.
Save money on your taxes
Save now or later. If you put away money on a pretax basis, it grows tax-deferred -- you pay no taxes until you withdraw it. If you put in after-tax dollars, your money grows tax-free -- it is not taxed upon withdrawal. Save at tax time: your contributions are 100% deductible.
Borrow from your retirement fund
Unlike an IRA you can borrow from your ICA Group Retirement Account without penalty. You can borrow from your own fund 50% of your balance (up to $50,000) and pay yourself back over 5 years or more!
Handle everything online
Choose investments from Vanguard and Frank Russell funds. Access your account online 24/7 to review investments, make investments, and apply for a loan. Change your chosen monthly contribution anytime or contribute in a lump sum.
Pay extra low set up fees
One time set up cost of $100 (typically anywhere from $250-$895).
Have your own consultant
Have questions or want a free consultation? You'll have your own personal consultant with his cell number and email address to answer any questions.Ask your accountant or financial planner what an additional $5,000 per year (the minimum you will likely save through this program) invested wisely can do to your net worth.
At a 5% rate of return, it's worth $346,761 in 30 years.
At 12%, it's worth $1,456,177!Retiring wealthy is a lot easier than you might think, if you spend wisely.
|
