|
A Defined Benefit 412(i) plan using his self-employment income... |
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|
Age |
Reduced Earned Income |
First Year Contribution* |
Guaranteed Value at Retirement |
|||
|
Hank |
55 |
83,207 |
129,064 |
1,347,253 |
||
|
* Funded with National Life LifeBuilder (form series #8310/8311, 8310ID(0306) and 8311ID(0306))
Unisex, non-smoker whole life insurance and hypothetical flexible premium annuity with a 3.0% guarantee
and 1.5% APR (annuity purchase rate). Policies are underwritten by National Life Insurance Company, Montpelier, Vermont. Benefit formula: 250% of compensation for each year of participation less than 25 years. These products may not be available in all states. Normal retirement age 65. Guarantees are dependent on the claims-paying ability of the issuing company. |
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|
By adding an insured death benefit to this plan he was able to further reduce his taxable income, increase his tax deduction and provided more protection for his family. |
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|
Age |
Reduced Earned Income |
First Year Contribution* |
Guaranteed Value at Retirement |
Insured Death Benefit |
||
|
Hank |
55 |
73,556 |
140,666 |
1,347,253 |
2,662,290 |
|
|
* Funded with National Life LifeBuilder (form series #8310/8311, 8310ID(0306) and 8311ID(0306))
Unisex, non-smoker whole life insurance and hypothetical flexible premium annuity with a 3.0% guarantee and 1.5% APR (annuity purchase rate). Policies are underwritten by National Life Insurance Company, Montpelier, Vermont. Benefit formula: 250% of compensation for each year of participation less than 25 years. These products may not be available in all states. Normal retirement age 65. Guarantees are dependent on the claims-paying ability of the issuing company. |
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