1. Retirement Plans for Small Businesses Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. Peter G Langelier Registered Representative Great American Advisors, Inc.
2.
3.
4.
5.
6.
7.
8.
9.
10. 1. This hypothetical example is not intended to show the performance of any Oppenheimer fund, for any period of time, or fluctuations in principal value or investment return. 2. Retirement assets are taxed when withdrawn. Withdrawals prior to age 59 ½ may be subject to a penalty tax in addition to ordinary income taxes. What’s in it for you? The potential for accelerated growth of savings due to tax-deferred compounding The illustration here shows how much faster money can grow in a tax-advantaged retirement plan relative to a comparable investment in a non-tax-favored vehicle. Assumes $100 of salary saved per month, 8% rate of return, 20-year savings period 1 . Page RE0000.191.1208 $59,308 $43,696 $32,759 $27,713 Retirement Plan 2 15% Tax Bracket 28% Tax Bracket 35% Tax Bracket
11.
12.
13.
14.
15.
16.
17. Comparing Plan Types Maximum Annual Contributions 2009 Figures do not include Catch-up contributions (where otherwise applicable) Page RE0000.191.1208 Compensation SIMPLE IRA SEP IRA Single K Single DB Plus $40,000 $12,700 $10,000 $26,500 $100,000+ common (depends on income, age, years to retirement) Annual benefit as high as $195,000 $80,000 $13,900 $20,000 $36,500 $120,000 $14,100 $30,000 $46,500 $196,000 $17,380 $49,000 $49,000
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45. Single K Plan SM Not available to businesses with employees Considerations SEP IRA Payroll Deduction IRA 401(k) Non-traditional Profit-sharing plans Profit-sharing Safe Harbor 401(k) SIMPLE IRA Defined Benefit Non-qualified Deferred Comp. Single K Plan SM Page RE0000.191.1208
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66. It Doesn’t Matter Who Provides Your Retirement Plan One Other Myth: Page RE0000.191.1208
67.
68.
69. Global/International Equity Small-/Mid-cap Equity Large-cap Value High Yield Income Aggregate Income Large-cap Growth Cash Conservative funds generally carry a lower level of risk but also offer lower rates of return. Aggressive funds generally carry a higher level of risk but have the potential to offer a higher rate of return. Investment Choice Page RE0000.191.1208
70.
71.
Notas del editor
First, thanks for meeting with me. You’re busy, and I know you’ve probably got a long list of things to do today. That’s why the information I’m going to share with you will take just a little amount of your time. When I’m done, though, I hope that you’ll agree it deserves more of your attention than that. Because, really, what you do with the facts you’re about to hear will help determine how you spend 10, 20, perhaps even 30 years, of your life. Some of you may already have a retirement plan in place. If so, we’ll examine whether your plan is still the best option for you and your business.