Individual/Joint Investment Accounts
|
For those individuals who wish to
establish an investment account that is not set-up
on a pre-tax basis. |
| IRA |
The statutes governing who is eligible
to establish an IRA have changed considerably over
the past few years and will continue to change
in the coming years. We will post all the relevant
information as it becomes available. For the latest
changes on IRA’s contact us by phone at (703)
352-1780 or by email at info@kaplanfinancial.org. |
| 403(b) |
Pre-tax savings plan for employees
of public schools, certain tax-exempt organizations,
universities, colleges, hospitals and churches. |
| Simple IRA |
The Simple IRA was designed for businesses
with 100 or fewer eligible employees, seeking an
alternative to the 401(k) plan and has fewer administrative
requirements. For further information click here. |
| 529 Plans |
Major benefits of a 529 College
Savings Plan are as follows:
- Earnings can grow
free from federal tax.
- Withdrawals
used for qualified higher education expenses
are free
from federal tax.*
- There are no
income limits.
- Contribution
limits of $11,000 ($22,000 for married
couples)
each year.
- You
can open a 529 plan for anyone – your
child, grandchild, spouse or even
yourself.
- You
maintain control of the assets.
*
This tax benefit is effective
through 2010
unless
extended by
Congress |
| 401(k) |
Pre-tax savings plan for small to
large companies who want to offer a salary reduction
plan with a maximum number of options to their
employees. |
| Individual/Joint Investment Accounts |
For those individuals who wish to establish an
investment account that is not set-up on a pre-tax
basis. |
