Successful employees help build successful companies. At Magnetic North Advisors, we are committed to helping businesses empower their employees to succeed. We do this by offering educational opportunities for employees to better understand investment and benefit opportunities available to them. Our team of financial advisors offer education, management, and monitoring that aims to help keep employees on track to with their financial goals.
No matter what age or stage in life, it is always the right time to start planning for the financial future. We are here to help.
401(k) - A 401(k) plan allows employees to contribute a portion of their paycheck into a retirement savings account, before taxes. Taxes are taken upon distribution during retirement.
Pensions - A pension fund is a type of employee retirement account that allows contributions to be made by an employer to the benefit of the employee during retirement. Earnings made on the investments contributed to a pension are paid as income to employees during retirement.
Simplified Employee Pension(SEP) - A SEP IRA or Simplified Employee Pension allows business owners to contribute funds to their retirement account and their employees’ retirement account. Contributions made by the employer are tax deductible.
While a benefit package offers employees education and options for retirement savings opportunities and insurance protection, understanding these options can be overwhelming. Our financial advisors educate employees on benefit options offered and help them decide which are appropriate for their unique situation. We take great pride in educating our clients, so they can make well-informed decisions regarding their future.