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Often
the largest asset the professional healthcare provider will accumulate
over the years of active practice in his/her chosen profession is
the tax-deferred benefits associated with qualified retirement arrangements.
Aspen Consulting Group, Ltd. members have many years of experience
in designing, implementing, and reporting in this area, which allows
us to aid the professional healthcare practice in optimizing the
accumulation of this important asset. We can review existing arrangements
for the practice or design new plans to enhance the wealth accumulation
opportunities available with qualified retirement plans.
The following
plan types are available to the practice, which if implemented,
take advantage of the tax-deferred arrangements associated with
qualified plans:
- Profit
sharing plans
- 401(k)
profit sharing plans
- Money
purchase pension plans
- Target
benefit/cross tested plans
- Defined
benefit plans
The
effectiveness of the qualified retirement plan arrangements may
change as the practice matures. All plans should periodically be
reviewed to ascertain that the goals established with the initial
plan design are still working to provide the maximum benefit to
the healthcare professional.
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