Northwest Financial LLC

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.

Access to securities and insurance products provided by Northwest Financial Group, a registered broker/dealer, member FINRA/SIPC. Northwest Financial Group is a subsidiary of Northwest Financial LLC, a wholly owned subsidiary of Northwest Federal Credit Union. Securities and insurance products are offered through LPL Financial and its affiliates, member FINRA/SIPC. LPL Financial has contracted Northwest Financial Group to refer securities and insurance business to LPL Financial. Northwest Financial LLC and Northwest Federal Credit Union are not registered broker/dealers and are not affiliated with LPL Financial. Not NCUA insured. No credit union guarantee. May lose value.

Loan protection and tax preparation services are not affiliated or endorsed by LPL Financial.

The LPL representatives associated with this site may only discuss and transact securities business to residents of the following states: AL, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NC, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, TN, TX, UT, VT, VA, WA, WV, WI.