MTI assists small business in selecting the appropriate retirement plans including 401(k), 403(b), defined benefit, and profit sharing plans. Additionally, we will help design your plan and features around the company’s specific needs. For owners, we can assist in establishing buy-sell insurance, key-person insurance, and other business continuity strategies.
Distributions from traditional IRAs and employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59 ½, may be subject to an additional 10% IRS tax penalty.