Attention: Entrepreneurs

Aspiring, new, and established business owners encounter a unique set of financial planning concerns that go beyond personal planning.

- RETIREMENT PLAN ADVISING -

Business owners and employees who are tasked with establishing a retirement plan for their company face a myriad of options and legal ramifications. Whether you are in charge of your company's current retirement plan or want to start a new one, Zora Financial is here to help. We can advise on an appropriate plan design as well as serve as an ongoing advisor to the plan.

CONSULTATION SERVICES

  • Due diligence on existing, potential, and selected investment managers and/or service providers
  • Retirement plan asset‐class menu recommendations
  • Investment policy statement review, development or implementation
  • Plan trustee education
  • Plan design recommendations
  • Plan mid‐year and/or year‐end trustee review
  • Investment monitoring reports
  • Substitution recommendations
  • Watch list recommendations
  • Participant educational workshops

MANAGEMENT SERVICES

After the plan consultation, Zora Financial can conduct ongoing assessments of the chosen providers. We may recommend replacement of some or all of plan investments, record-keeper, third‐party administrator (TPA), and/or custodian.

Recommendations depend on a combination of plan goals and objectives, updated due diligence information, as well as cost or other service considerations.


-Business Planning Considerations-

  • How should entrepreneurs balance public investing, taxes and their company?
  • When does investing in yourself/your companies become inappropriate? 
  • How can I balance my lifestyle with work and the trade-offs involved?
  • How will healthcare work?
    • Health Insurance - High deductible plan or not? 
    • Dental and vision coverage?
    • How should Health Reimbursement Agreements (HRA), Flexible Spending Accounts (FSA) and Health Savings Accounts (HSA) be implemented?
  • What about Long-Term Disability insurance?
  • Is a cross purchase agreement needed, and how should I fund it?
  • What are appropriate business structures and some of the differences?
  • What options do I have for retirement savings and investing?
    • Should I establish a 401(k)?
    • What about SIMPLE and SEP IRAs?
  • I want to open a retirement plan have no idea where to start.
    • See above
  • I have been working for someone else for long enough; I think I am ready to open my own company.
    • Is there enough savings to reach this goal and keep my other plans intact?
    • What will happen with my previous employer's 401(k)?
    • Should I take my pension as a lump-sum?
    • Will I have enough business to stay open?
    • What can I expect?
  • What are other business owners doing?
    • Could I be saving on my taxes?
    • Can I make my spouse or children employees and why?
  • I am tired of working for my money and want it to start working for me.

Interested in having an objective financial professional evaluate your company's current plan?

Let's start a conversation

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