Small Business Owners
Small Business Owners have some unique needs when it comes to overall financial planning. At Security Benefits we bring a coordinated approach to address your special needs. We work to take advantage of all opportunities available to you. Whether it be safe harbor plans, 401(k) plans, deferred compensation funding, executing bonus plans, funding for buy/sell agreements, or Key person insurance, we'll structure the most effective strategy for you and your employees. On the personal side, we can design HSA options, business succession planning, along with various exit strategies.* We go the extra mile in structuring estate and retirement planning for business owners. Let us take care of these areas so that you can focus on your business.
We are able to provide a proprietary financial planning package for small business owners and their key employees called "Financial Fundamentals".
Time spent at work worrying about personal financial issues affects employee productivity. Help your employees avoid financial stress with Financial Fundamentals. Financial Fundamentals is an integrated program of professional services including basic estate planning, tax consultation and a financial review. Your Financial Fundamentals team can help your employees find answers when it comes to:
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Financial
Strategies
A financial professional
will help your employees
achieve financial stability
and long-term independence
through:
>Cash management and budgeting
>Retirement planning
>Education funding
>Insurance and investment review
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Legal and Estate Planning*
An attorney will work with your empoyees individually to determine their basic estate planning needs, and create the following documents, as needed:
>Simple Will
>Power of Attorney
>Health Care Medical Directive
>Testamentary Trust
>HIPAA Authorization
>Additional documents (for a separate fee, paid by the employee)
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Tax Planning*
A CPA will, with each employee, provide basic tax-reduction strategies. The CPA will:
>Review the last two years' tax returns
>Review exemptions claimed by the employee for tax with holding purposes and discuss possible adjustments
>Discuss possible steps for ongoing tax reduction
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How will this help my business?
Financial Fundamentals provides tangible and intangible benefits for your business.
The program:
>Enhances your benefits package at minimal cost
>Improves employee retention and strengthens ties with key employees
>Reduces employee stress and distraction
>Enhances the likelihood of employee financial stability
For more information please see the brochures For Employers and For Employees.
*Woodbury Financial Services, Inc. and its representatives do not offer tax or legal advice. Certain services may not be available in your area, consult your Woodbury Financial Services representative for more information.
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