BUSINESS OWNER RESOURCE CENTER:
In our experience, a Business Owner like you spends almost ALL of your waking hours working "IN" your business and fear that your OWN financial needs will not be met. Having a customized Investment Plan that ensures that both you and your business will be successful can help ease those fears. As a client of the Hegarty Beattie Stewart Group of Wells Fargo Advisors, we will work with you to create a plan, to help you live in a world where both YOU and YOUR BUSINESS can thrive without taking any more of your precious time.
How We Can Help You
Tax Savings through Retirement Plans
Are you paying too much in taxes? We can help!
We provide our clients with services like
We provide our clients with services like
- SEP IRAs
- Simple IRAs
- 401k Options
- Defined Benefit/Cash Balance Plans
Business Sales / Succession
Have you ever thought about how much your business is worth? Is this your "retirement" plan? We can help you with this and other topics like:
- Valuing Your Business
- Business Succession
- Planning for Buy/Sell Agreements
Business Liquidity and Liability Management
Through our Wells Fargo affiliates, you have access to lending products, including:
- Securities-based financing
- Residential mortgages
- Home equity financing
- Business financing
- Credit cards
Lending and other banking services available through Wells Fargo Advisors (NMLS UI 2234) are offered by banking and non-banking subsidiaries of Wells Fargo & Company, including, but not limited to Wells Fargo Bank, N.A. (NMLSR ID 399801), Member FDIC, and Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Certain restrictions apply. Programs, rates, terms, and conditions are subject to change without advance notice. Products are not available in all states. Wells Fargo Advisors is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the Arizona Department of Financial Institutions (NMLS ID 0906158). Wells Fargo Clearing Services, LLC, holds a residential mortgage broker license in Georgia and is licensed as a residential mortgage broker (license number MB2234) in Massachusetts.
Case Study: Retirement Plan Savings
Mr. and Mrs. Smith have a successful business in the area that keeps growing. With their excess growth, they noticed their tax bill keeps growing year over year. After meeting with one of our Financial Advisors, Ellen Stewart, the Smith's found a way to save for their retirement while also reducing their business taxes.
Solution:
Develop a Cash Balance plan for company. The Smith's are able to deposit $200,000 into a Cash Balance plan which reduces their tax liability by $85,000 every year till they retire at age 66 and 64.
- Mr. Smith (61 years old) and Mrs. Smith (59 years old)
- Retirement Age: 66 / 64
- Company has 5 other employees, none which are owners
- They already have a company 401k set up and they max out their contributions
- Last year's company's tax liability: $125,000
Solution:
Develop a Cash Balance plan for company. The Smith's are able to deposit $200,000 into a Cash Balance plan which reduces their tax liability by $85,000 every year till they retire at age 66 and 64.
This information is hypothetical and is provided for illustrative and informational purposes only. It is not intended to reflect the performance of any specific investment, or security and is not representative of any particular structure or situation.
Your Dedicated Team for Business Owners
Ellen Stewart, CEPA®, QPFC®
- Associate Vice President - Investment Officer
Brian Beattie, CFP®
- CERTIFIED FINANCIAL PLANNER™
- Senior Vice President - Investments
