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Build wealth that’s worth it.

No matter where you are in your journey, we’ll meet you there and help you plan for the rest.

Your employees are your business. Show them how much they matter with affordable, flexible group benefits, no matter what size business you are.

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Retirement Income Planning

Helping entrepreneurs and small business owners reach their retirement savings goals in a more tax-efficient manner with annuities and other life insurance backed products.

Retirement Income Planning: About

As a business owner, we know you have priorities. We're certain that achieving your business goals and looking out for your employees’ best interests are at the top of your list. One way to help check these items off is by providing benefits at work—giving employees the opportunity to participate in a retirement plan can make a big impact.

From your employees’ perspective, a retirement plan can help them reach personal savings and estate planning goals. Employees who feel more financially secure tend to spend less time focused on financial concerns at work— meaning, your plan could help encourage productivity among your workforce.

For the business, you can receive tax deductions on matched contributions to your plan and potentially reduce employee taxable income via pretax contributions. Benefits are also tied to job satisfaction, so a retirement plan can be a powerful tool for retaining the quality people you have on board and bringing new talent into the fold.

The more employees who enroll, the lower your potential costs overall.

Nothing is more important than feeling confident in the choices you make for your company and your employees.

If the potential benefits of a retirement offering sound like a good fit for your business, now would be great time to start a small business owner retirement plan quote —we can talk in more detail about how a plan can help you meet your goals.

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SECURE Act Alters 401(k) Compliance Landscape

The new law changes retirement plan design, administration and compliance requirements.

Employers can get up to $16,500 in tax credit to set up an employee retirement plan.

Not having a retirement plan could be costing you money.

President Donald Trump on Dec. 20, 2019, signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act, a bill to help employers create and run retirement plans for workers. 

Small-Business Incentives

Among the provisions to encourage employers to become plan sponsors, the SECURE Act will:

  • Increase the business tax credit for plan startup costs to make setting up retirement plans more affordable for small businesses. The tax credit will increase from the current cap of $500 to up to $5,000 in certain circumstances.

  • Encourage small-business owners to adopt automatic enrollment by providing a further $500 tax credit for three years for plans that add auto-enrollment of new hires.

  • Simplify rules and notice requirements related to qualified nonelective contributions in safe harbor 401(k) plans.

  • Extend the period of time for companies to adopt new plans beyond the end of the year to the due date for filing the company tax return, giving employers additional time to cover their employees with a profit-sharing contribution.

  • Offer a consolidated Form 5500 for certain defined-contribution plans with a common plan administrator to reduce administrative costs, but also increase penalties for failure to file retirement plan returns such as Forms 5500, required notifications of changes and required withholding notices.

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The pandemic, and ensuing downturn, disrupted tax and retirement planning for small-business owners.

Data gathered by SCORE, shows that 34% of small business owners, do not have retirement savings plans. Data also shows that the smaller the business, the less likely to offer a retirement plan to employees.

There are solutions for small business owners with only a few employees.

Learn about retirement saving plans for entrepreneurs, and small business owners today.

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Are You Saving Enough for Retirement?

We have multiple ways to help businesses with 1 - 100 employees.

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Retirement Income Planning: Pro Gallery

* Plan Design Team and Fiduciary Services

* Advisory Services through Morning Star

* 401K, Safe Harbor 401K, Defined Benefit Plans, 412(e)3 and more....

(Not Available in New York and Connecticut)

The credit is available for the plan’s first year and the two years immediately following.

In our example, the fee to set up the plan would be $600, and the annual administration fee would be $1,260.

The credit would be calculated as follows:
($600 + $1,260) x 50% = $930
$250 x 3 non-highly compensated employees = $750
Tax credit = $750

Not having a plan would have cost the business owner in our example $15,220 and he would have missed out on a $750 tax credit for 2020.

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Business Tax Strategy

If you are a business owner and you do not yet have a comprehensive "business tax strategy" - watch this short video to discover substantial tax benefits available to business owners that most tax advisors know too little about.

Retirement Income Planning: Video


Many business owners delay saving for retirement while they focus on building a successful business, potentially leading to inadequate retirement savings.


Cash value life insurance may protect and complement a tax‑diversified retirement income strategy with tax-free death benefit and tax-free supplemental income.

Next Steps

At Jennifer Lang Financial Services, we will work with you to help build a program using life insurance and supplemental income designs that will benefit you today and tomorrow.

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How Can Cash Value Life Insurance Help With Retirement Income Planning?

Life Insurance for Risk Protection (LIRP)

Protection Now. Income Later.

Business owners spend years building successful enterprises. As they plan for life after they exit their businesses, many face inadequate retirement savings.

Help Protect Against a Retirement Income Shortfall

In addition to financial protection against premature death, cash value life insurance offers a potential source of supplemental income independent from Social Security benefits, qualified plans, or any proceeds from selling a business. This asset may help make up any retirement income shortfall.

Help Protect Against an Uncertain Future

A cash value life insurance may also serve as the missing asset within your overall retirement strategy, helping to diversify your portfolio in two ways.

  1. It may add a tax-free asset that may be accessed in the event of a high-income tax environment at the time of retirement.

  2. It may protect against market-based losses if it offers guaranteed minimum interest crediting rates. An asset that is protected from market losses may provide a source of supplemental income during market downturns. Policy’s cash value will be reduced by policy charges.

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Here's How

Small Business Owner Retirement Planning Services


Business owner buys a cash value life insurance policy on his or her life.

Small Business Owner Retirement Planning Services


Any growth in the policy’s cash value is tax‑deferred.

Small Business Owner Retirement Planning Services


Business owner may take tax-free withdrawals and loans from the policy’s available cash value to supplement their income.

Small Business Owner Retirement Planning Services

Death Benefit

At business owner’s death, policy’s beneficiaries receive tax‑free death benefit.

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Popular Materials

DOWNLOAD | The Tax-Free Bucket Client Flyer

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The Tax-Free Bucket

Failure to diversify tax liabilities at retirement may negatively impact retirement income. See how current tax rates impact various income-producing assets.

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Group Annuities

A company’s pension plan purchases a group annuity from a life insurance company. In exchange, they promise to provide guaranteed income payments to covered individuals, also known as annuitants.

From plan to payment

  1. Pension plan sponsor buys a group annuity contract from a life insurance company.

  2. A group annuity certificate is issued to each annuitant

  3. Annuitants receive guaranteed income payments backed by the financial strength of our top A and A+ rated life insurance companies

Financial security you can depend on.

The guarantees provided by a group annuity contract provide strong, sustainable financial security throughout retirement.

That's because, as a group annuity provider, life insurance companies are required by law to:

  • Maintain sufficient reserves to cover annuity obligations

  • Set aside additional capital to support our guarantees

  • Test the adequacy of assets and reserves every year

  • Comply with strict state regulatory supervision

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Request a Confidential  Retirement Plan & Proposal

Get Started Now

(Not Available in New York and Connecticut)

What type of retirement plan would you like to discuss?
Would you like to add a Group Annuity for Guaranteed Retirement Income?

Thanks for submitting! An agent will contact you soon with next steps and your employee census form.

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