The Year In Review – New Year’s Wishes from ACI

It’s that time of the year again, when we make some wishes and resolutions for next year. 2010 is coming to an end in what seems to have been too quick and 2011 is peaking from around the corner. Excitement and hopefulness abound. This year we saw the groundbreaking enactment of healthcare reform and the regulations on 408(b)(2) come one step closer to final, Republicans took over the House, the Bush Tax cuts were extended and the stock market bounced up and down unsure of which way it wanted to go. A volcano which most of us can’t even attempt to pronounce “Eyjafjallajökull” erupted in Iceland keeping our Director, Consulting Practice, Tobi Cogswell, out of the country longer than expected (we did get her back) and finally ending in other good news: 33 miners were rescued in Chile.

ACI would like to wish you all a Happy New Year and a prosperous 2011. Here are some wishes from our staff:

May 2011 bring prosperity to your business and a new awareness to your plan participants as to the importance of saving for their own retirement.
May your 2011 be successful and may you leave your work at the office when you go home.
-Alison Murray, QKA, QPA, ERPA
Lead Administrator, Manager
To good health and may you also realize your goals both personally and professionally in 2011.
-Yariel Chiong
Marketing Manager
May you prosper in 2011!
May you have enough prosperity to make a substantial contribution to your plan!
May your employees learn the art of saving for their retirement!
May you have peace, love and joy!
-Gerri Wheeler
Consulting Administrator
My wish for you: curiosity, excitement, wonder and success, both personally and professionally. Call and tell me, I’ll be so happy for you.
-Tobi Cogswell
Director, Consulting Practice
May you balance the benefit of savings versus consumption to allow you to have greener balance sheets both personally and professionally.
-Cortney White
Business Development Manager
Cheers to a new year and another chance for us to get it right. Let ACI become a part of your team and you will have your chance to get it right this year.
Happy New Years!
-Sabrina. Fendley
Assistant to the President
May we all retire in 2011!
But if we don’t, may we fit into one of two categories:
* Those of us heading to a dreamy retirement with a plan at ACI, and
* Those of us at ACI helping plan your retirement dreams.
-Jeff Esmond, ERPA, CPC, QPA, QKA
Consulting Administrator
As we begin a new decade my wish for our clients and their advisors for 2011 is to get America retired, starting with the Baby Boomers. In my view it takes a proactive team to accomplish this result.

We would love to be on your team.

Happy New Year!
-Pat Byrnes, COPA MSPA, EA, MAAA
President

There's still time to implement a qualified retirement plan for 2010

The clock is ticking. Business owners who wish to implement a qualified retirement plan for 2010 in order to take a corporate deduction and pay less taxes, must sign a plan document by December 31, 2010. Money does not need to be contributed by December 31st but a document must be signed.

Regardless of how old you are, or how many employees you have, we will work with you and your CPA to meet your needs.

One beautiful scenario is to implement a profit sharing plan for 2010, and activate 401(k) provisions effective 1/1/11. This will allow you to make a profit sharing contribution and take a tax deduction for 2010, and allow you and your employees to personally begin to participate preparing for your retirement in 2011. This will also give your financial advisor time to determine the appropriate recordkeeper for you, complete the contracts and enroll your employees before the first 401(k) deferral (generally the first payroll in January).

You have until September 15, 2011 to contribute the profit sharing contribution that you deduct for 2010.

It's a win win WIN but time is running out. Contact us right away to design the best plan for you.

Cortney White Tobi Cogswell Jeff Esmond (Hawaii Office)
(310) 212-2607 (310) 212-2623 (808) 389-5979