Locum Tenens… You Could Be Cutting Your Taxes Each Year While Building Your Retirement Nest Egg
Locum Tenens… You Could Be Cutting Your Taxes Each Year While Building Your Retirement Nest Egg
With a little known, but high-impact, tax and retirement savings plan you may be able to save thousands in taxes every year.
Turn Self-Employment Income Into A Pension By Dec. 31 To
Beat The Fiscal Cliff
“If you’re self-employed, have had a good year, and want to sock away a lot for
retirement, take a lead from a tax pro who advises high net worth clients, and set up a
defined benefit plan by year-end.” Forbes Online, December 2012
A Pension Plan for the Self-Employed
“Solo pension plans are a great option for entrepreneurs, doctors, and real estate agents
who want to slash their taxes and turbo charge retirement savings.”
Kiplinger’s Retirement Report, August 2011
A Defined Benefit plan is a powerful tool for locum tenens physicians
With significant self-employment income, locum tenens are uniquely positioned to take advantage of these plans.
A Defined Benefit Plan: • Is an IRS approved, qualified retirement plan • Permits the highest tax-deductible contributions
of any retirement plan • Can enable you to rapidly build a large
retirement nest egg • May allow you to cut your tax bill by tens of
thousands of dollars every year
Many physicians are not aware of the advantages of Defined Benefit plans
Taxes Saved $22,500
Taxes Saved $69,300
Taxes Saved $84,400
$-
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
$90,000
401(k) Defined Benefit Plan DB Plan + 401(k)
Save Tens of Thousands in Taxes with a Defined Benefit Plan
A 52-year old business owner with an annual income of $450,000 can potentially cut his/her tax bill by $70,000 to $80,000 in a single year by forming a Defined Benefit Plan
*Assumes combined federal and state tax of 38%. Example is tax savings in comparison to no retirement plan.
Put a Defined Benefit plan to work for you
And quickly build retirement savings
Seven Year Road to a $1M Nest EggIn this example, a 50-year old small business owner puts $125,000 in a Defined Benefit Plan every year and builds a retirement nest egg of $1 Million by Year 7
$125,000
$256,250
$394,063
$538,766
$690,704
$850,239
$1,017,751
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7
Seven Year Road to a $1M Nest Egg A 50-year old small business owner could put $125,000 in a Defined Benefit Plan every year and build a retirement nest egg of $1 Million by Year 7
*Assumes a contribution every year and 5% growth
• Do you make at least $100,000 per year from locum tenens income?
Is a Defined Benefit plan right for you?
• Do you make at least $100,000 per year from locum tenens income?
• Are you 40 or older?
Is a Defined Benefit plan right for you?
• Do you make at least $100,000 per year from locum tenens income?
• Are you 40 or older?
• Are you willing to contribute $50,000 or more for at least 3 consecutive years?
Is a Defined Benefit plan right for you?
• Do you make at least $100,000 per year from locum tenens income?
• Are you 40 or older?
• Are you willing to contribute $50,000 or more for at least 3 consecutive years?
• Are you self-employed or have fewer than 10 employees?
Is a Defined Benefit plan right for you?
• Do you make at least $100,000 per year from locum tenens income?
• Are you 40 or older?
• Are you willing to contribute $50,000 or more for at least 3 consecutive years?
• Are you self-employed or have fewer than 10 employees?
YES?
Is a Defined Benefit plan right for you?
Take Two Minutes To See How Much You Could Save • With a just a few pieces of
information we can generate a complimentary proposal to fit your circumstances.
• Visit our Tax Savings Analysis, or • Learn more at: Defined Benefit Plans
We can help you save more of what you earn
.
• A veteran-owned Registered Investment Advisor
• We are an independent fiduciary committed to implementing the most effective retirement plans for our clients
• We provide a comprehensive and cost-effective solution for Defined Benefit plan owners that requires very little of their ongoing time and effort
• We walk you step by step through the process • Our pension plan administrators are highly
efficient and experienced; they are focused solely on designing and administering Defined Benefit plans
Why Orion?
Orion Capital Management LLC
• Founded Orion in 2002 • Peter has an extensive background in
crafting investment solutions for high-income clients in a wide variety of circumstances
• He has a passion for helping clients to protect their hard-earned income and does do by structuring customized retirement and investment strategies to minimize clients' tax burden while accelerating their retirement savings
• View Peter’s bio • Contact Peter directly at 619-435-1701 or
[email protected] • Visit us at Orion Capital Management LLC
Who is Orion?
Peter C. Thoms, CFA