Self-Employed & Small Business
Retirement Plans in Michigan
Retirement planning in Michigan can be a tricky subject – and one that can be potentially confusing and overwhelming. Retirement planners and investment advisors tend to gloss over some of the most significant risks and potential downsides of traditional retirement plans for small business and self-employed people.
The most significant risks that your financial future faces are real and pervasive. They include taxes, the inevitability of financial market downturns, and the possibility that you could face a catastrophic medical or life event. Traditional plans are vulnerable to any and all of these threats.
But what if you could set up a retirement plan in Michigan that was essentially immune to these threats and risks? MaysGroup Advisors would like to show you how, and set you on the road to a secure financial future, no matter how long you live.
Tax-Free Self-Employed Retirement Plans in Michigan
Most retirement plans for self employed people are based around tax-deferred plans like individual retirement accounts (IRAs) or 401k plans. What few self-employed people realize is that, when you base your future on this approach, you are essentially entering into a partnership with the federal government. The government makes the rules – and changes them at will – no matter how it might affect your future.
Tax-deferred retirement plans subject you to substantial taxation – potentially as much as 90 percent – at the time you need it most: during your retirement. And, when you need to access your money, you could be subject to penalties for market rate adjustments.
The good news is that you don’t have to be stuck with a plan like this. MaysGroup Advisors can show you how to take a different approach – one that focuses on generating tax-free income for life.
Michigan Small Business Retirement Planning
Whether you are the owner of a small, closely-held business or you call your own shots as a self-employed person, you deserve to have the kind of retirement you’ve dreamed about.
The truth is that financial planning for retirement doesn’t have to follow that same, old traditional path. Let MaysGroup Advisors show you how to insulate your accumulated wealth from risk. We can show you how to minimize tax liabilities and protect your hard-earned assets from downturns in the market. You’ll have access to your money whenever you need it, too, without early withdrawal penalties.
It’s your retirement money. Shouldn’t you be able to use it the way you want (or need) to, when you want (or need) to?
Contact MaysGroup Advisors today to learn more about how we can help you protect your wealth and your legacy. We work with entrepreneurs, solopreneurs, independent contractors, small business owners and self-employed people of all types.
Contact us now to discuss a retirement plan for self employed people or small business owner in Michigan.
