IRA America ROTH for SEG Employees

The ROTH for SEG Employees
Small Businesses Need An Employee Retirement Plan

Now that there is The ROTH, small businesses can afford to offer their employees by payroll deduction a retirement savings plan without the plan being an expensive and red tape experience.

The ROTH works like a non-contributory 401(k) plan yet operates under the more favorable ROTH IRA rules. This means there are:

NO Employer Program Expenses
NO Employer Matching Contributions
NO Plan Trustee or Administrative Services
NO Liability for Plan Investments
NO Plan Investment and Education Services

The ROTH for SEG Employees is not a pension plan subject to the rules, regulations and administrative costs of ERISA if:

The employer does not contribute to the plan.
Employee participation is entirely voluntary.
The employer does not endorse The ROTH and is not the ROTH Custodian. The only employer role is to collect contributions through payroll deductions
The employer receives no consideration for making these contributions directly to the ROTH Custodian.

Each employee who participates establishes a ROTH at the Credit Union and authorizes payroll deductions up to $2,000 per year.

Small Business Employees Need To Save for Retirement

Achieving American Dreamfinancial goals and also providing for ones retirement income security are personal responsibilities whether one works for a large corporation or for a small business. Yet it has been easier for some to save for these goals using the 401(k) savings plan if they worked for a large employer.

Now, with the new ROTH, employees in a small business can use the successful 401(k) savings model and put aside monies by payroll deduction and in a personal tax-shelter and work toward achieving financial goals. Eligible employees earn less than $95,000 if single or $150,000 if married and file a joint tax return. While the savings do not reduce taxable income as does a 401(k), funds are not "locked-in" as are 401(k) funds. Consider your personal ROTH benefits:

Your participation and contributions are always voluntary.
You contribute by the convenience of payroll deductions.
Credit Union savings are insured to Federal limits.
Credit Union earning rates are high and competitive.
Your deposits are always 100% available and tax-free.
You can contribute after age 70 ½, do not have to withdraw at age 70 ½ and your heirs receive the funds Federal income tax-free and paid at their convenience.
The Internet is your personal ROTH Information Resource. Any time of the day or day of the week you can get complete and current information on The ROTH or have a ROTH question answered.
A spouse can participate in the ROTH Savings Plan.

Enroll in a ROTH for SEG Employees