The Right Accounts—Structured the Right Way

Choosing the right accounts is just as important as choosing the right investments.

At Empire Private Wealth, we help you select, structure, and optimize your accounts to improve tax efficiency, support your goals, and simplify your financial life.

Not All Accounts Are Created Equal

Different account types come with different:

- Tax advantages

- Contribution limits

- Withdrawal rules

- Long-term benefits

Using the wrong mix—or structuring them incorrectly—can cost you significantly over time.

We help ensure everything is aligned and working together with a personalized strategy.

Individual & Joint Investment Accounts

• Flexible, non-retirement investment accounts
• No contribution limits
• Ideal for building wealth outside of retirement plans

Best for: General investing, liquidity, and supplemental income

Traditional IRA

• Tax-deferred growth
• Contributions may be tax-deductible
• Taxes paid upon withdrawal

Best for: Reducing taxable income today and deferring taxes to retirement

Roth IRA

• Tax-free growth and withdrawals (if qualified)
• Contributions made with after-tax dollars

Best for: Long-term tax-free income in retirement

401(k) & Employer-Sponsored Plans

• Pre-tax or Roth contributions
• Employer matching (if available)
• Higher contribution limits

Best for: Retirement savings through your employer

Rollover IRA

• Consolidating old 401(k)s or retirement accounts
• Maintaining tax-deferred status

Best for: Simplifying accounts and gaining more control over investments

Trust Accounts

• Owned by a trust for estate planning purposes
• Helps manage and transfer wealth efficiently

Best for: Estate planning and multi-generational wealth strategies

529 College Savings Plans

• Tax-advantaged education savings
• Tax-free withdrawals for qualified education expenses

Best for: Saving for children’s or grandchildren’s education

Common Mistakes We Help You Avoid

• Having too many scattered accounts
• Poor tax allocation across accounts
  
• Tax burden from investments
• Not taking advantage of Roth opportunities
• Leaving old 401(k)s unmanaged
• Missing contribution opportunities

Smart Retirement & Investment Strategies for Business Owners

As a business owner, you have unique opportunities to save more, reduce taxes, and build long-term wealth—but only if your accounts are structured correctly.

We help business owners implement the right retirement and investment accounts to maximize flexibility and efficiency.

SEP IRA (Simplified Employee Pension)

• High contribution limits based on income
• Easy to set up and maintain
• Employer-funded contributions only

Best for: Self-employed individuals or small businesses with few or no employees

SIMPLE IRA (Savings Incentive Match Plan)

• Allows both employer and employee contributions
• Lower administrative complexity than a 401(k)
• Mandatory employer contributions

Best for: Small businesses with employees looking for a simple retirement plan

Solo 401(k) (Individual 401(k))

• Designed for business owners with no employees (other than spouse)
• Allows both employee + employer contributions
• Potential for significantly higher contributions than SEP or SIMPLE IRAs

Best for: High-income self-employed individuals wanting to maximize retirement savings

Business 401(k) Plans

• Scalable retirement plans for companies with employees
• Flexible contribution structures
• Can include profit-sharing components

Best for: Growing businesses looking to attract and retain employees while building owner wealth

Defined Benefit / Cash Balance Plans

• Allows for very high annual contributions
• Designed to create a fixed retirement benefit
• Powerful tax deferral strategy

Best for: High-income business owners seeking aggressive retirement savings and tax reduction

Business Investment Accounts - lLC, PARTNERSHIPS, s-cORP, c-CORP

• Non-retirement investment accounts held by a business entity
• Flexible access to funds
• Can be used for excess cash management

Best for: Businesses with surplus cash looking to invest beyond retirement accounts

How We Help Business Owners

We go beyond account setup—we help you build a strategy around your business and personal finances.

• Maximize Retirement Contributions
  Take advantage of higher limits available to business owners
• Reduce Tax Burden
  Implement strategies to defer or minimize taxes
• Coordinate Business & Personal Planning
  Align your business income with your long-term financial goals
• Plan for Exit or Succession
  Prepare for the eventual sale, transition, or retirement from your business

Common Mistakes Business Owners Make

• Using the wrong retirement plan structure
• Missing out on higher contribution opportunities
• Not coordinating with tax strategy
• Keeping too much idle cash in low-yield accounts
• Not planning for long-term exit or succession

Turn Your Business Into a Wealth-Building Engine

Your business isn’t just income—it’s one of your greatest financial opportunities.

With the right structure, you can significantly increase your savings, reduce taxes, and build long-term wealth.

If you’re unsure whether your current strategy fully supports the life you want to build, a conversation can bring clarity. We invite you to connect with us to gain perspective on where you stand and explore how we can help guide your decisions ahead.