Retirement planning while growing and managing the day to day practice of law firm can be a daunting task. Even more so when the attorney has to keep putting a large portion if not most of their after tax profits back into the development of the next case.

By using Counselor Capital's litigation expense financing attorneys can use a portion of their after tax profits to begin or add to existing retirement plans.

Whether it is an IRA, SIMPLE, SEP, or 401K Counselor Capital can help you determine which type of plan best suits the needs of each firm and free up the cash flow to fund it.

2013 Traditional & Roth IRA Contribution Limits

Traditional & Roth IRA Contributions and Catch Up Provisions

* Modified AGI Limits - 2013
Single: $112,000 - $127,000
Married Filing Jointly: $178, 000 – 188,000
2013 Traditional & Roth IRA Contribution Deadline is 4/15/2014

2012 / 2013 SEP IRA Contribution Limits

Simplified Employee Pension (SEP) IRA Contribution Limits

The maximum amount that can be contributed to a simplified pension plan (SEP) plan is 25% of an employee's compensation, which is capped at a maximum as indicated above.

2012 SEP IRA Contribution Deadline is 4/15/2013

2013 SEP IRA Contribution Deadline is 4/15/2014

2012 / 2013 SIMPLE IRA Contribution Limits

Savings Incentive Match Plan for Employees (SIMPLE) IRA Contributions and Catch Up Provisions

Employers are generally required to match each employee's salary reduction contributions, on a dollar-for-dollar basis, up to 3% of the employee's compensation.

2012 SIMPLE IRA Contribution Deadline is 4/15/2013

2013 SIMPLE IRA Contribution Deadline is 4/15/2014

2012 / 2013 401 (k) and Solo (k) Contribution Limits

401(k) & Solo(k) Plans: Employee Salary Deferral Limits

Employer can contribute up to $33,000 in 2012.
Employer can contribute up to $33,500 in 2013.

2012 / 2013 401(k) & Solo(k) Contribution Deadline is December 31 for calendar year reporting.