Businesses

Here at Owen Wealth & Retirement Strategies, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account your personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below.

Qualified and Non-Qualified Retirement Plans

An important part of any business is determining what benefits are appropriate for their employees. We can provide guidance to a business owner, or key executives as to which types of plans might be best suited to meet their needs for retaining employees and providing retirement savings for those employees.

In addition, we can help them find providers that meet their needs and fulfill their objectives. These can include: SEP-IRA’s. SIMPLE IRA plans, 401(k) Plans, Defined Benefit- 412(e) plans, Deferred Compensation (both qualified and non-qualified) and others.

Executive Benefits

The success of most businesses is tied into the talent, passion and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you fund non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Succession Planning

Succession planning allows owners to leave their business on their own timeframe while preparing their company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business.

Key Person Insurance

Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets - the key person. This can help assure continuity of the business for employees, customers and creditors, and protects against losses in sales, momentum, and credit. It can also be used to assist with recruiting and develop a replacement for the employee.

Funding Buy-Sell Agreements

A buy–sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money when the event is triggered.

Funding Deferred Compensation

Deferred compensation is a written agreement between an employer and an employee where the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed back to them at a pre-determined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees.

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