Qualified Plan Concepts Help

Retirement Plan

After choosing an objective in Qualified Plan Concepts your client’s retirement plan must be mapped out by filling out the “Retirement Plan” section which can be seen below.

In order to properly plan for the desired objective, you must enter in information based on each client’s projected retirement plan, use the drop down arrow to choose client A or B for which this illustration shown. The current balance before and after taxes is the first step in entering data, followed by the interest rate and change rate (if applicable).

Participant contributions must be entered; however, these are considered deductible while employer contributions are not. You must also choose the frequency of contributions and the age to which contributions will continue. If your client plans on increasing contributions annually, you must also include in their plan. Lastly, based on the age of your client you can choose the number of years to illustrate their retirement plan.