EHPOWERRS Management Services Inc.
2273 McCoy Road; Suite B
Sun Prairie, WI 53590
Office: 608.295-8537  |  Fax: 608.531-2604
Email: info@thepowerr.com
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Experience the Control!

Do You Qualify for a Free Consultation With a Fortune 500 Analyst?

Meeting with talented entrepreneurs keeps us sharp. That’s why we make it a practice to sit down with a certain number of
business owners on a regular basis to assess their financial situation and make recommendations free of charge.

Yet because we only have a limited amount of time we do this, we have to be selective about who we do this for.
The perks of self-employment are plenty, but there’s at least one significant drawback:
the lack of an employer-sponsored retirement plan like a 401(k).


Enter the solo 401(k), or what the IRS calls a one-participant 401(k). Designed for self-employed
workers, this account mimics many of the features of an employer-sponsored plan, without the drag
of working for another.

In fact, IRS rules say you can’t contribute to a solo 401(k) if you have employees, though you can
use the plan to cover both you and your spouse.

The total solo 401(k) contribution limit is up to $56,000 in 2019. There is a catch-up contribution of
an extra $6,000 for those 50 or older.
SOLO 401K's
A SEP IRA is a type of traditional IRA for self-employed individuals or small business
owners. (SEP stands for Simplified Employee Pension.)


Any business owner with one or more employees, or anyone with freelance income, can open a
SEP IRA.

Contributions, which are tax-deductible for the business or individual, go into a traditional IRA held
in the employee's name. Employees of the business cannot contribute - the employer does.

Like a traditional IRA, the money in a SEP IRA is not taxable until withdrawal. Y
ou can contribute up
to 25 percent of each employee's pay (and 25 percent of your net self-employment income).
You
cannot exceed the lesser of: 25% of compensation, or. $56,000 for 2019 ($55,000 for 2018 )
SEP IRA's
SIMPLE stands for Savings Incentive Match Plan for Employees IRA

A SIMPLE IRA is a retirement plan designed for and available to any small business with 100 or
fewer employees.

The employer is required to contribute either a matching contribution of 3 percent of compensation
or a 2 percent non-elective contribution for each eligible employee (meaning the employer
contributes even if the employee doesn't).

SIMPLE IRA participants can make employee contributions up to a certain amount. Workers
younger than 50 have a $12,500 maximum contribution. Those 50 or older can get a $3,000
catch-up contribution, making the overall maximum $15,500.
SIMPLE IRA
Annuities are a popular choice for investors who want to receive a steady income stream
in retirement.


Here's how an annuity works: you make an investment in the annuity, and it then makes payments
to you on a future date or series of dates.

There are three types of Annuities to invest in:
  • Fixed
  • Variable
  • Indexed

You can buy annuities for safety, long-term growth, or for income.
ANNUITY INVESTMENTS