New York City
Attorneys Providing
Prudent Counsel in
Retirement Planning:
An essential element
of retirement
planning involves
pensions, an area
which many small
business owners
neglect. The
attorneys at Maurice
Kassimir &
Associates, P.C.
work with pension
actuaries to help
you design and
implement a pension
plan that suits your
needs.
For small
businesses, pension
plans can be devised
with keeping
employee goals in
mind, while others
are designed with a
focus primarily on
the personal
interests of the
business owner.
Maurice Kassimir &
Associates, P.C. can
analyze your plan
and have it altered
it based on your
specific wishes.
Consider the
following example:
A 47-year old
physician, had a
medical practice
with a
retirement plan
being funded
with $70,000 per
year. $28,000
was allocated to
the doctor and
the rest
allocated to his
employees. The
doctor wanted to
modify the focus
of the plan to
fulfill his
personal
interests.
Maurice
Kassimir &
Associates, P.C.
worked with
actuaries to
design a new
defined benefit
plan which
increased annual
contributions to
$218,000.
$205,000 was
allocated to the
doctor (instead
of $28,000), and
$13,000 to the
employees
(instead of
$42,000). In
addition, the
doctor was able
to purchase
through the
defined benefit
plan using
pre-tax dollars
a $7.1 million
permanent life
insurance policy
with an annual
premium of
$47,000.
Maurice Kassimir &
Associates, P.C.
attorneys are adept
at using pre-tax
qualified plan money
and IRAs to purchase
life insurance.
Grantor Retained
Annuity Trusts and
charitable remainder
trusts are often
excellent tools to
provide income
during retirement
years. GRAT’s can
build value which
can inure to the
benefit of a
person’s
descendents.
Charitable remainder
trusts can also
provide retirement
income and fulfill
charitable goals.
The attorneys at
Maurice Kassimir &
Associates, P.C.
know how to find
creative solutions
to your retirement
planning questions,
and then provide the
proper
follow-through to
implement the
solutions.
Contact them now
to see how they can
meet your retirement
and estate ate
planning goals. |
