Kingsbury Financial Advisors is a Non Affiliated company to Florida Financial Advisors, Trinity Wealth Securities LLC, and Florida Financial Insurance.
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A money purchase plan is a type of defined-contribution plan that is similar to a profit-sharing plan, except that the contribution amounts are fixed rather than variable. Thus, employers are required to make annual contributions to each employee’s account regardless of the company’s profitability for the year.
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Our firm of independent advisors believes our clients' goals come first. Our firm provides comprehensive financial planning to make a difference in the lives of those we work with.
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Many people have heard the Benjamin Franklin quote, “In this world nothing is certain but death and taxes.” Mutual fund taxes can be onerous. However, if you understand the complexities of mutual fund taxes and are prepared when tax season comes around, you may be able to lessen the blow.
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A money purchase plan is a type of defined-contribution plan that is similar to a profit-sharing plan, except that the contribution amounts are fixed rather than variable.
Thus, employers are required to make annual contributions to each employee’s account regardless of the company’s profitability for the year. These plans can be used in conjunction with profit-sharing plans to achieve the maximum contribution levels allowed each year.
#florida_financial_advisor #florida_financial_advisors_tampa
Visit for more information: https://kingsburyfa.livejournal.com/404.html
