Financial Planning for Business Owners

Many cost-conscious business owners worry that offering employee benefits, such as retirement savings, group life and/or health insurance is a luxury they cannot afford.  In today’s competitive job market these benefits can mean the difference in recruiting or retaining the high quality employees that make your business shine.

Maybe you would like to offer such benefits or want to evaluate your current benefit package, but your time is better spent running your business than becoming an expert on human resource concerns.  Here’s how I can help.  With a few short meetings to evaluate your needs, I can help put together a package of benefits tailored to your business needs for review or comparison. 

Employer-sponsored benefits, such as retirement, life and health are funded by tax-deductible contributions, which can potentially help you:

* Reduce your business taxes
* Provide an attractive benefit to recruit, reward and retain valuable employees
* Build vital retirement savings and benefits for yourself

At Waddell & Reed, we specialize in helping business owners design or evaluate their current employee benefits package. We understand that businesses come in a variety of sizes and structures.  That’s why we offer retirement solutions for businesses of all sizes. 

Small business retirement plans include:
* IRA and Roth IRA payroll deduction plans
* Simplified Employee Pension plans (SEPs)
* SIMPLE Plans
* Profit-sharing plans
* Defined benefit pension plans
* 401(k) plans

Small business employee and employer insurance benefits include*:
* Group and individual life, disability, accidental death and dismemberment insurance
* Business overhead expense insurance
* Group and individual health insurance

In addition to the employee benefits solutions for businesses, we offer employee financial education workshops on a variety of issues such as, asset allocation, retirement plan distributions and financial planning.   Waddell & Reed also offers an organizational discount on our personal financial planning services** for companies with five or more employees. And, if you decide to cover all or part of these services for your employees, the expense is tax-deductible by your firm. Waddell & Reed’s financial planning services for your business enable you to give more and get more!

For more information contact Brian Wong or Amaya Webster.

*Insurance products offered through insurance companies with which Waddell & Reed has sales arrangements.

**Waddell & Reed offers financial planning services in its capacity as a federally registered investment adviser.  Please contact Brian Wong or Amaya Webster for more information and a copy of the Waddell & Reed, Inc. Form ADV or Advisory Services Brochure for a complete discussion of these services and the fees associated with them.

Waddell & Reed does not provide legal or tax advice.  Please contact the appropriate advisor prior to making financial decisions.