SOURCE: Stonegate Financial Group, LLC

Decibel Blue

November 05, 2013 10:12 ET

Stonegate Financial Group CEO Jameson Van Houten Featured in The Wall Street Journal

Van Houten Offers Insight to National News Publication on His Strategy in "Boosting a Widow's Retirement Savings"

SCOTTSDALE, AZ--(Marketwired - November 05, 2013) - Stonegate Financial Group Founder and CEO Jameson Van Houten was profiled in The Wall Street Journal's Wealth Management Journal section titled "Boosting a Widow's Retirement Savings." The article offers a scenario that highlights the value of professional financial guidance following a difficult life-changing event.

Van Houten is a Registered Investment Advisor and Certified Financial Planner™ practitioner (CFP®) specializing in wealth management and financial planning services for institutions, businesses and high net worth individuals. Stonegate Financial Group manages more than $210 million for 190 clients.

In The Wall Street Journal article, the author depicts a scenario in which Van Houten helped boost a newly widowed business owner's retirement savings by "shifting the company's Savings Incentive Match Plan for Employees of Small Employers to a combination of a Defined-Benefit Plan and a Safe Harbor 401(k) that included a profit-sharing element."

According to Van Houten, "The advantage of the Defined-Benefit 401(k) strategy was the ability for the woman to infuse the plan with large donations of pretax dollars, and then recoup most of those contributions for her own retirement." Van Houten added that the goal was for his client to get back 85 percent of what she put into her company's plan, leaving the rest to continue growing for her employees' benefit.

The following excerpt from The Wall Street Journal article describes the end result of implementing the strategy:

"Mr. Van Houten worked with a third-party administrator to determine how much the woman could contribute. Increasing her salary to $235,000 and placing her retirement age at 62 allowed the woman to contribute $305,000 pretax to the retirement plans. Boosting her salary was vital because the formula considers salary, not distributions, as income. However, it also helped replace her husband's income and provided money for her living expenses.

The move also saved his client more than $111,000 in income tax the first year, because she likely would have received the $305,000 as distributions, putting her in the highest tax bracket. Now 61, the woman has continued to bolster the retirement plan, which now contains more than $1.5 million, with additional contributions.

Meanwhile, Mr. Van Houten says the employees are happy to know that the remaining 15% left in the plan after her retirement -- plus the associated earning from the combined plans -- will boost their own retirement savings. The added perk has helped the company retain all of its employees."

For a copy of the article, visit http://online.wsj.com/article/SB10001424127887324619504579030642474018008.html. For more information about Stonegate Financial Group and/or CEO Jameson Van Houten visit www.stonegatefinancialgroup.com or call (602) 953-8450.

Stonegate Financial Group, LLC is a boutique wealth management firm specializing in comprehensive integrated financial business and tax planning. Headquartered in Scottsdale, Ariz., Stonegate Financial Group services high net worth individuals throughout the U.S. For more information visit www.stonegatefinancialgroup.com or call (602) 953-8450.

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