DESCRIPTION
The OBA presents this CLE program as a service to its members. The OBA is not an investment adviser or a financial planner. The OBA does not recommend or endorse any financial or investment strategy or plan, any type of product, or securities professional. No part of this CLE program shall be taken as investment, financial and/or legal advice by the OBA.
Knowledge is power - financial strategies for women
From Simple to Sophisticated: The purpose of the presentation is to discuss ways to maximize retirement plan savings and tax benefits to the partners. Most owners are familiar with 401ks for tax savings. The problem is they are limited in their funding limits. While SEP IRAs allow for larger contributions, they also require contributions for their rank-and-file employees as well. From our experience partners are typically looking for ways to play catch up for retirement while minimizing the amount of taxes they pay. There are other lesser known options that allow the partners to literally put hundreds of thousands of dollars per year into a plan, thus saving them tens of thousands of dollars in taxes. This seminar is designed to educate the attorneys on how to do both in a way that legally skews the benefits in the partner’s favor. We will also discuss other ways to maximize benefits for partners without violating ERISA guidelines. It will provide the attorneys with 1 CLE credit.
The OBA presents this CLE program as a service to its members. The OBA is not an investment adviser or a financial planner. The OBA does not recommend or endorse any financial or investment strategy or plan, any type of product, or securities professional. No part of this CLE program shall be taken as investment, financial and/or legal advice by the OBA.
Disclaimer: All views or opinions expressed by any presenter during the course of this CLE is that of the presenter alone and not an opinion of the Oklahoma Bar Association, the employers, or affiliates of the presenters unless specifically stated. Additionally, any materials, including the legal research, are the product of the individual contributor, not the Oklahoma Bar Association. The Oklahoma Bar Association makes no warranty, express or implied, relating to the accuracy or content of these materials.