Don’t Leave Money on the Table: Optimizing Your Agency’s 401(k) Plan

Description

As an independent insurance agency owner, your 401(k) plan is more than just a benefit-it is a critical tool for tax efficiency, talent retention, and personal wealth accumulation. This 2-hour CE session will outline the types of retirement plans, and what can be accomplished using the new provisions of the SECURE Act 2.0. The class is specifically tailored to the unique business needs of independent agencies: owners, producers, CSRs and other staff. We will explore how to navigate the new Roth mandate for high-earning 'Catch-Up' contributions. Also, we will discuss M&A considerations related to 401(k) plans from both a buyers and sellers standpoint. Lastly, we will address Social Security considerations and how to efficiently use the agency's 401(k) plan to maximize your total retirement income and minimize taxes including Required Minimum Distributions (RMDs).