Nonqualified Deferred Compensation
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- SEP IRA - Simplified Employee Pension Individual Retirement Account
Designed for business owners to provide retirement benefits for the business owners and their employees, the SEP IRA has no significant administration costs for self-employed person with no employees. - Deferred Compensation
Deferred compensation is a written agreement between an employer and an employee where the employee voluntarily agrees to have part of his compensation withheld by the company, invested on his behalf, and given to him at some pre-specified point in the future. - Buy Sell Agreements
A buy-sell agreement, also known as a buyout agreement, is a binding agreement between co-owners of a business that governs what happens if a co-owner dies or is otherwise forced to leave the business, or chooses to leave the business.
SEP IRA - Simplified Employee Pension Individual Retirement Account
A Simplified Employee Pension Individual Retirement Account (SEP IRA) is a variation of the Individual Retirement Account.
Designed for business owners to provide retirement benefits for the business owners and their employees, the SEP IRA has no significant administration costs for self-employed person with no employees. If the self-employed person does have employees, all employees must receive the same benefits under a SEP plan. Since SEP accounts are treated as IRAs, funds can be invested the same way as any other IRA.
Dugan & Lopatka Financial Services, LLC104 E. Roosevelt Rd., Wheaton, Illinois 60187Phone: (630) 665-0914Fax: (630) 665-5030
DUGAN & LOPATKA FINANCIAL SERVICES IS NOT AN AFFILIATE COMPANY OF LPL FINANCIAL. SECURITIES AND ADVISORY SERVICES OFFERED THROUGH LPL FINANCIAL, A REGISTERED INVESTMENT ADVISOR, MEMBER FINRA/SIPC.
