Individuals
HOW CAN I GUARANTEE THAT CONTRIBUTIONS TO MY RETIREMENT PLANS WILL CONTINUE IF AN ACCIDENT OR ILLNESS PREVENTS ME FROM WORKING?
Your contributions to your qualified and nonqualified deferred compensation plans – as well as your employer’s contributions to those plans - will stop if an injury or illness prevents you from working.
As a result, you can suffer severe losses in your projected retirement benefits at age 65 – the very time when payments to you from your disability insurance plans usually stop. For example:
| Annual Retirement Plan Contributions: | $40,000 | $120,000* | |
| Loss at age 65 at 6.5% interest when disability occurs at age: | |||
| 40 | $2,508,000 | $7,525,000 | |
| 45 | $1,653,000 | $4,961,000 | |
| 50 | $1,030,000 | $3,090,000 | |
| 55 | $ 574,862 | $1,724,000 | |
| 60 | $ 242,549 | $ 727,647 | |
*Includes nonqualified plans.
The Special Disability Retirement Completion Plan eliminates this risk by continuing up to $200,000 of contributions to employees’ and Partners’ retirement plans when they become disabled. As a result, their retirement assets will continue to grow just as if they were working. In addition, the cost of the Plan can be paid with the equivalent of a pre-tax premium.
To receive a SPECIAL REPORT on how the Disability Retirement Completion Plan will help guarantee your retirement security click here.
