There are many planning options available to you, including:
- Salary allotment plans for life insurance and annuities.
- SIMPLE IRA and SEP IRA plans.
- Defined contribution plans, such as 401(k) plans.
- Profit-sharing plans.
- Executive bonus plans.
- Split-dollar life insurance plans.
- Supplemental executive retirement plans (SERP).
If you are interested in learning more about these specific plans, please contact a Modern Woodmen representative today!
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A 401(k) plan is an employer-sponsored retirement plan that offers several income tax benefits for those looking to save for retirement.