PROFIT SHARING

Profit sharing plans are a way for individuals to save for retirement. The dividends or payouts are based on the company's profits. Some people consider profit sharing plans a risky investment for their retirement income and look for a stable return. Others find that the opportunity for capital growth in a profit sharing plan will provide the income they need for retirement.

Contributions to a profit sharing plan are generally not tax deductible unless the plan is defined as an elective deferral plan. However, contributions and earnings can accumulate without taxes being due, until withdrawal.

If your employer offers this type of plan, our financial representatives can help you determine if it will provide the necessary income for your retirement goals.

Contact us for more information.
   

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