Retirement plans offer many attractive benefits to employers by helping to retain experienced employees, attract qualified employees, and provide tax benefits through the deductibility of employer contributions. Whatever the size of your company, we can create a retirement plan having the features, benefits, and flexibility best suited to your business. We can provide professional management and advice to ensure that the plan's assets are invested prudently and administered affordably, offering your employees comprehensive services they won't find at other providers.
Listed below are some of the plan types we service:
At Commonwealth, we believe in providing the highest level of service and availability including toll-free automated account services, web services designed to give you access to your retirement account information 24 hours a day, and quarterly statements & newsletters.
Today, more than ever before, one of the greatest challenges facing American workers is assuring their financial security in retirement. With rising uncertainty over Social Security's ability to meet the needs of future retirees, Americans now and in the future will need to take the lead in building their retirement nest egg. More people than ever are now eligible to take advantage of the incredible tax savings available through IRAs. There are a variety of IRA types available to best meet your individual needs including Traditional IRAs, Roth IRAs, SEP IRAs and Simple IRAs. Described below are the benefits offered by two of these types.
Traditional IRAs offer:
Roth IRAs offer:
Accounts can be established through either the rollover of a distribution from a qualified retirement plan, such as a pension, profit sharing plan or 401(k) or through Annual contributions from earned income in amounts that are within prescribed limits. Contributions may or may not be tax deductible depending on your specific situation and the type of IRA to which you contribute.
Our investment staff will work with you to develop your individual financial goals now, so you can look forward to a brighter, more secure future. Whether you are opening your first retirement account, making an annual contribution, transferring or converting an existing account or rolling over an employer-sponsored retirement plan, we have a number of solutions to meet your particular retirement situation.