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At Elite Wealth Strategies, we work with many faculty and staff at major Metro Detroit universities to help them understand and make the most of the retirement benefits available through their employer. Over the years, we’ve become very familiar with how the universities retirement plans work and regularly help clients choose investments and strategies that align with their long-term goals. We offer comprehensive financial planning and focus on building long-term relationships so we can be a resource not just today, but throughout every stage of your career and retirement. Wherever life takes you next, the Elite Wealth Strategies team is here to help you stay on track and move forward with confidence. |
Retirement Plan Highlights:
Below is a general overview of common retirement plan options available to employees. Specific features and benefits may vary based on plan and individual circumstances.
403(b) - The base retirement plan for employees, providing a 2 for 1 match on the first 5% of employee contributions, contributions are made pre-tax and taxes are paid when funds are withdrawn
457 - A supplemental retirement plan funded by employee contributions, contributions are made pre-tax and taxes are paid when funds are withdrawn, there are no early withdraw penalties for withdraws before the age of 59 1/2
Below is a general overview of common retirement plan options available to employees. Specific features and benefits may vary based on plan and individual circumstances.
403(b) - The base retirement plan for employees, providing a 2 for 1 match on the first 5% of employee contributions, contributions are made pre-tax and taxes are paid when funds are withdrawn
457 - A supplemental retirement plan funded by employee contributions, contributions are made pre-tax and taxes are paid when funds are withdrawn, there are no early withdraw penalties for withdraws before the age of 59 1/2
Elite Wealth Strategies is an independent firm and is not affiliated with, endorsed by, sponsored by, or associated with any other educational institution.