According to a press release, the calculators compare contribution levels allowed by Simplified Employee Pension Plan-Individual Retirement Account (SEP-IRA), SIMPLE IRAs, Profit Sharing Plans, and the Pioneer Uni-K Plan – an individual 401(k) plan created in 2002 that allows sole proprietors to make larger tax-deductible contributions than other types of tax-deferred plans.
The Contribution Calculator is available to all investors and analyzes the maximum contribution levels allowed for retirement plans available to individual business owners.
The Contribution Calculator with Client Proposal Generator is available to financial advisers who are registered on Pioneer’s Web site. The calculator allows advisers to enter customized financial data for clients and generate reports showing a detailed contribution analysis and generates proposals for clients.
“These online tools provide a way for self employed individuals to quickly determine how much they may be able to save for retirement. Whether your income is $15,000 or over $200,000, this calculator can help determine maximum annual contributions within a few minutes,” said Christopher Laucks, Vice President of Retirement and Annuity Products at Pioneer Investments, in the press release.
The Contribution Calculator is available here .
The Contribution Calculator with Client Proposal Generator is available here .