Bohannon Financial is more specialized than financial planners.
As a business owner we understand your greatest asset is invisible to your balance sheet. Our focus is on helping you attract, retain, and motivate your key people who have bought into your vision and leadership.
It's not a group insurance benefits package or 401(k).
We create a custom plan based on your objectives that rewards and helps you retain the key people you have attracted and developed.
In the end, the goal of entrepreneurship should always be to provide multiplying value for your customers. This one single mindset is the key to achieving success—and lasting fulfillment.
It’s also why entrepreneurship is the single most powerful economic and creative force at work around the world.
We invite your further inquiry and accept the challenge of designing a benefit plan designed by you to meet your values, beliefs and intentions for you and your key employees.
We design Key Person non-qualified plans for business owners and their key people to attract, retain, and provide incentive plans.
Unlike qualified retirement plans such as a 401(k), a nonqualified key person benefit plan allows you to choose the employees you wish to cover and exclude others.
Contributions to the plan are set by your business and personal objectives.
Government regulations, which may restrict the contributions of highly compensated employees to a qualified plan, do not apply to a nonqualified key person plan. This is particularly important if you find your company’s current benefits package lacking for your own personal needs
Retirement Income Modeling. A secure, comfortable retirement is every worker's dream. Now as we live longer we need to plan differently than our parents and grandparents. Longer life brings opportunities and challenges.
We find of course retirement is much easier when you plan your finances.
When it comes to planning for retirement, while it would be beneficial to have a straightforward formula for saving enough money to cover a certain percentage of current expenses, it's not that simple.
Fluctuating costs in retirement, such as health care, travel and housing expenses, mean a one-size-fits-all strategy won't work for many people.