Solutions We Provide

Solutions We Provide - Retirement Plan Design and Accounting

Retirement Plan Design and Accounting

Plan Ahead Now, Reap the Benefits Later

Sirchia CPA financial advisors located in Syracuse, New York specializes in providing retirement planning advisory services. Our clients receive personalized attention, investment recommendations and ongoing portfolio wealth management. We work with business owners, high net worth individuals, families, doctors, vets, attorneys and professional athletes in New York and all over the country.  

In our initial discussions, we want to establish your goals and objectives based on your particular circumstances. After evaluating your budget, we work with you to develop a structured plan to invest your excess funds for the future.  

Whether you're already retired, close to it, or just getting started in your career, it's never too early to start thinking about retirement planning. Unfortunately, for many people life gets in the way and retirement planning is put on the back burner, until suddenly, it is right around the corner. Consider these frightening facts:

  • One in three Americans has less than $5,000 in retirement savings
  • 21% of Americans have no retirement savings at all
  • Nearly half of Americans acknowledge they are guessing at how much they need to save
  • If you retire at age 65, retirement could last 20 years or more
  • That means you’ll need to create a secure income for yourself that will be there for you as long as you’ll need it.

Planning for Retirement is the Key to Enjoying Your Retirement

Tax rules related to retirement plans are complex. Each benefit plan has specific requirements as outlined by the IRS, and not every plan is appropriate for everyone. For example, contribution limits vary by the type of plan, your income, and your age. Some plans require withdrawals at a certain age, while others have no age limit. Some withdrawals are taxed at retirement, whereas others are tax-free. To become and remain financially independent, you need to understand the tax implications of your choices, as well as how much the plan will yield in your retirement. Sirchia CPAs & Financial advisors can help you develop a tax-efficient retirement plan in order to preserve and grow your wealth.

 

Third-Party Administration Services for 401(k) Profit Sharing Plans

In addition to creating retirement plans for individuals, we support third-party administrators to ensure they are ERISA compliant. We provide the following services: 

  • Plan design and review
  • Investment advice and guidance
  • Plan administration (third-party administration)
  • Participant eligibility determination
  • Contribution calculations
  • Compliance testing
  • Form 5500 filings
  • Participant statements and annual notices

Our financial advisory firm and our trusted partner, RNC Genter Capital Management, who is a Registered Investment Advisor (RIA) that provides disciplined retirement portfolio management with an emphasis on tax-advantaged growth and income along with capital preservation and downside protection. Our clients count on us to help protect and grow their retirement investments.

Retirement planning just got easier. Contact us today to discuss your strategy.