Copyright 2012: Pension Planners, LLC. Pension Planners. All rights reserved.
4168 Douglas Blvd., Ste. 300 Granite Bay, CA 95746 916-791-9095
Advantages of a Qualified Plan vs. an IRA
QUALIFIED PLAN
IRA
Can you borrow from your retirement account?
Debt financing on real estate without adverse tax consequences?
Deductible contribution limit for 2017
Protection from creditors?
Ability to purchase life insurances?
Ability to be your own trustee, write/sign checks and directly control your plan assets?
Employee contribution (elective deferrals)
Catch up contributions over age 50
Are distributions allowed for hardships?
Stockholder in a Sub Chapter S Corporation
Yes, permitted up to $50,000 or 1/2 vested account
Not Allowed
Allowed
Not Allowed
$54,000 for 401(k), profit sharing and $215,000 for defined benefit plan
Only $5,500
Yes, ERISA provides protection
No ERISA protection
Yes
Not Allowed
Yes
Not Allowed
$18,000
Not Allowed
$6,000
$1,000
Yes
Not Allowed
Yes
No
Pension Planners, LLC
2250 Douglas Blvd. Suite 160
Roseville, CA 95661
Phone: 866-485-7929
4381 W. Flamingo Rd #38307
Las Vegas, NV 89103
