Executive Benefits
Sheridan Road has the solutions to: implement the right balance of wealth preservation and wealth accumulation programs, address the financial needs of the business, and address the financial needs of executives’ financial plans
THE CHALLENGE
Business owners and key employees are finding it more difficult to adequately save for retirement. Why? Qualified retirement plans and group insurance plans, even Social Security, place limits on contributions, payouts and tax advantages of benefits for highly compensated individuals. Industry retirement experts suggest we need at least 80% of pre-retirement income to maintain our current standard of living in retirement.
THE INCOME GAP
With qualified plans and Social Security alone, you and your key employees could receive as little as 30% of your current income at retirement – creating a retirement income gap.
