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It is becoming more common for us to see retirement plans where the owners are not able to fully fund their portion because it is tremendously expensive because of the employees.  We have a special retirement plan design that may allow you (the owner) to maximize your contributions in a very efficient way for the pharmacy cash flow.  We believe that this is one way you should be rewared for taking the risk of pharmacy ownership.  This site is dedicated helping you create a more efficient benefit for the company and fulfill your responsibilities for being a plan sponsor.

Pharmacy 401k plans are a great way to save money and provide a benefit to your employees. Please visit the website at www.pharmacy401k.com to learn more.  Below is Waypoint's blog dedicated to pharmacy 401k plans and retirement planning for pharmacy owners.

Pharmacy 401k: Did You Know?

Posted by Benjamin Coakley on Wed, Feb 19, 2014 @ 11:30 AM

dykWhen I was growing up, there used to be a segment on Sportscenter called "Did You Know?"  This segment would take a number about something that happened that day in sports and make it relevant.  For example, it would say something like, Did you know that 101 people have successfully completed this challenge (that challenge would have been completed by someone that day in sports)?  Being a huge sports fan and a fan of random (and according to my wife, often times useless) information, I always looked forward to this segment.

The concept of "Did You Know" can be applied to anything including company sponsored retirement plans (including Pharmacy 401ks).  The reason is that most people (including retirement plan and investment advisors) do not truly understand how retirement plans work.  Once you begin to understand them, you can then begin to determine if you have the right plan or which plan is right for you if you are thinking about starting one.

Did You Know?

  1. Retirement plans can be tilted to the owners of pharmacies

  2. Retirement plans can be tilted to the older employees of pharmacies

  3. Retirement plans can be integrated with social security to allow the highly compensated employees to get more of a benefit 

If you are interested in having your current plan analyzed or if you are interested in starting the right plan for your pharmacy, then please let us know and we will be glad to help.

Download Our Free Retirement Planner 

Topics: pharmacy 401k, community pharmacist, pharmacist 401k

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