Tax Planning Strategy – 401(k) Limits to Increase

The IRS just announced that the 401(k) contribution limits will rise from $17,000 a year to $17,500 a year beginning 2013. If you’re 50 or older you can contribute $23,000 a year.

A 401(k) plan is not just for big business. Small business owners who have no employees an “individual” or “solo” 401(k) is available and can be a great tax planning strategy. Another consideration is to hire your spouse and have them contribute to the 401(k).

Now a 401(k) requires more administration than other company retirement plans, but it may very well be worth the “investment” of administration to reap the tax savings.

Let us help you with a Proactive Tax Plan, give us a call or request our free Tax Book for business owners.

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Mr Jeffery Field and his entire staff are dedicated to helping you through the minefield that is the will/trust process, and dealing with . With a background and experience in Law and Finance, Jeff is uniquely qualified to guide you and he has a heart of a teacher which is important to me.

Stephen Montgomery

February 9, 2023

Jeff and his team are professional, but also personable. They relate well to your personal needs. He put together an estate plan for my family, as well as, ensuring my children will avoid child protective services incase of a sudden death of me and my husband. The peace of mind I have in that cannot be replaced.

Lindsey Mayo

July 20, 2022

Char

July 19, 2022

Arturo Vargas

April 18, 2021

Excellent in all categories. I would recommend to anyone who would need an estate planning.

Alicia Schmidt

March 8, 2021

Mr. Field and his entire office were extremely helpful in assisting our family with our trust matters. He is very patient and pays close attention to his clients needs and create a plan that is specific to those matters. Our family is very grateful to the Field law firm. Thank you, The Vargas family

Ernie Vargas

March 4, 2021

The staff and Mr. Field take their time to thoroughly explain the living trust process and guide you through each step needed until completion.

jennifer hathaway

February 22, 2021

I am beyond happy with the level of personalized customer service this office offers. All of my questions were answered and my worries were put to rest; by having contacted the field law office. I’m so happy that now we can rest assured knowing that our future is correctly taken care of in a trust. I loved the way that Mr. Field explained estate planning in layman’s terms. He was interesting and insightful; even when the subject matter is heavy. The entire staff is so helpful & knowledgeable and they never make you feel like you are a bother. Contact them, you won’t regret it!

Oscar C

February 2, 2021

Mr. Field was very responsive and thorough. He answered all our questions in detail and explained our options thoroughly. He and his staff were (and continue to be) very accommodating and professional.

Patty Fernandez

January 28, 2021

The thought of setting up a trust had been daunting for a number of years, but the team at Field Law made it comfortable and I didn't need to have all of the answers to every detail right away. I am so relieved that I finally got it done.

Kathy Lew

December 22, 2020