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, layouts, and tax advantages of benefits for highly-paid 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