(Springfield, MA) – MassMutual’s Retirement Services Division has introduced Solutions for Taxing Times, a program that helps financial professionals show small business owners ways to manage tax changes effective for 2013. The program focuses on using advanced retirement plan designs to manage their business’ tax obligations, while boosting personal retirement savings.
Using high-impact illustrations, Solutions for Taxing Times helps advisors present a clear and compelling case for alternative retirement plan design structures. The program includes:
- An overview of the 2013 taxes and the cumulative effect on various income levels
- An Impact Calculator that can estimate in seconds potential tax savings and account balance at retirement
- Position points that simplify conversations about this challenging topic
“In a recent national survey of advisors, they told us if we could simplify the discussion about rising taxes and clearly connect it to the ways in which tax-deferred retirement plans can provide meaningful solutions, we would have their attention. With their input, ‘Solutions for Taxing Times’ was specifically designed to address some of small business owners’ most pressing concerns, while helping financial professionals build and retain their clientele,” says E. Thomas Foster, national retirement spokesperson for MassMutual’s Retirement Services Division.
In addition, the program provides action steps for identifying businesses that may benefit from this discussion and for effectively partnering with experts such as Third Party Administrators (TPAs) and Certified Public Accountants (CPAs).
“Tax-advantaged retirement plans can be structured to show small businesses how to contribute a larger percentage of eligible compensation, thus reducing their tax impact while helping them to save more for retirement,” says Foster. “This program is timely, relevant and can be extremely valuable in helping financial professionals and other business service providers such as CPAs and TPAs to add value to their client relationships,” he adds.
For more information about the Solutions for Taxing Times program or to request a package of materials, please call 1-800-874-2502, option 4. For information about MassMutual Retirement Services, please contact your financial professional or call MassMutual at 1-866-444-2601.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyowners consistently since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company’s strong and growing network of financial professionals helps clients make good financial decisions for the long-term.
MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC, Member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.
MassMutual’s Retirement Services Division has been serving retirement plans for more than 65 years. It offers a full range of products and services for corporate, union, nonprofit and governmental employers' defined benefit, defined contribution and nonqualified deferred compensation plans. It serves approximately 3 million participants.