The Planning Need
If you think your retirement plan is underfunded and are tired of all the constraints of your 401(k) plan, consider enhancing it with Middlebury's Professional Retirement Unitrust. It allows for unlimited contributions that are invested to appreciate while deferring most of the income distributions until you need them ... best for those ages 45-60 seeking to supplement retirement income.
The Solution
A Middlebury Professional Retirement Unitrust is not subject to the onerous rules that affect retirement plans, like a 401(k). Consequently, trust assets are invested for total return with very little income in order for the trust corpus to build during the working years, then quarterly payments commence at retirement and continue for life.
The Professional Retirement Trust offers a range of benefits:
Gift as much as you want per year; no annual dollar limit like a 401(k)
Determine the growth period; you choose the year you wish to start receiving quarterly payments
While the principal grows only "nuisance" income is distributed to you
Receive professional trust management
Receive an income tax charitable deduction for a portion of the gift, which reduces your taxes now The Professional Retirement Unitrust attributes:
$100,000 minimum
Unlimited additions
Income tax charitable deduction for a portion of the gift
Trust term: lives of income beneficiaries or a term of years-
not exceeding 20 years