Stan A. Kinoshita & Associates, Inc. is a leader in the Financial Services markets. Since 1966, the company has been offering Hawaii residents some of leading insurance and financial services products on the market. From Life Insurance to Retirement Plans, we are your financial services professionals! Stan A. Kinoshita, & Associates, Inc. is your one stop source for Personal and Commercial property and casualty insurance.
From homes, to automobiles, to umbrella policies, and more, we are your mega insurance source! Qualified retirement plans are Congressionally approved retirement plans which have several major tax benefits. First, the employer's contributions can be deducted for income tax purposes. Second, the earnings on the plan's investments accumulate on a tax-deferred basis.
Third, when the funds are distributed at retirement age, they may be eligible for favorable tax treatment for State of Hawaii income tax purposes. Fourth, taxpayers may be in a lower tax bracket after retirement.
From homes, to automobiles, to umbrella policies, and more, we are your mega insurance source! Qualified retirement plans are Congressionally approved retirement plans which have several major tax benefits. First, the employer's contributions can be deducted for income tax purposes. Second, the earnings on the plan's investments accumulate on a tax-deferred basis.
Third, when the funds are distributed at retirement age, they may be eligible for favorable tax treatment for State of Hawaii income tax purposes. Fourth, taxpayers may be in a lower tax bracket after retirement.
Services
Stan A. Kinoshita & Associates, Inc. is a locally owned, independent insurance agency that has been serving the LIFE, PERSONAL & COMMERCIAL INSURANCE needs of Hawaii since 1966.
Since the late 1960's, the company has also been specializing in setting up and administering tax-qualified RETIREMENT PLANS.
Our professional agents, consultants, and staff are highly experienced, motivated, and dedicated to providing our customers with the best possible service.
Stan A. Kinoshita & Associates, Inc. is a full-service insurance agency that has access to major life, as well as property & casualty insurance companies and brokers.
Since the late 1960's, the company has also been specializing in setting up and administering tax-qualified RETIREMENT PLANS.
Our professional agents, consultants, and staff are highly experienced, motivated, and dedicated to providing our customers with the best possible service.
Stan A. Kinoshita & Associates, Inc. is a full-service insurance agency that has access to major life, as well as property & casualty insurance companies and brokers.
A defined benefit plan provides a predetermined, level of benefit payments for the life of the participant or the life of the participant and spouse.
The monthly retirement benefit is calculated using a formula specified in the plan.
The employer contribution is required annually and is typically higher than a defined contribution plan, depending on the employer's demographics.
The employer bears the investment risk.
Older employees tend to be favored because they have a shorter time to fund for their retirement.
The monthly retirement benefit is calculated using a formula specified in the plan.
The employer contribution is required annually and is typically higher than a defined contribution plan, depending on the employer's demographics.
The employer bears the investment risk.
Older employees tend to be favored because they have a shorter time to fund for their retirement.
Money Purchase Pension Plans: The employer contributes a specified fixed percentage of each participant's annual salary to the plan each year, to a maximum of 25% of compensation.
Contributions to a Money Purchase Pension Plan are not based on employer profits, therefore contributions must be made regardless of whether the company is profitable.
With the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), money purchase plans have become obsolete and many are being converted to profit sharing plans.
Contributions to a Money Purchase Pension Plan are not based on employer profits, therefore contributions must be made regardless of whether the company is profitable.
With the passage of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), money purchase plans have become obsolete and many are being converted to profit sharing plans.
Catch-up contribution amount under IRC §414(v)(2)(B)(i) for participants who are age 50 or older by the last day of the calendar year.
This code section limits the allocation of contribution (salary deferral, match, employer contribution) to a participant to the lesser of 100% of compensation or this amount.
Catch-up contributions (see above) may be made in addition to this amount.
This means if you earn over 120,000 during the Plan Year beginning in 2018* then you will be considered a highly compensated employee for the plan year beginning in 2019.
This code section limits the allocation of contribution (salary deferral, match, employer contribution) to a participant to the lesser of 100% of compensation or this amount.
Catch-up contributions (see above) may be made in addition to this amount.
This means if you earn over 120,000 during the Plan Year beginning in 2018* then you will be considered a highly compensated employee for the plan year beginning in 2019.
Term Life provides life insurance only for a limited period of time, or "term."
Other types of policies such as whole life, and universal life are considered to be "permanent" insurance, and are designed to provide protection for the entire life of the insured.
Term insurance provides only "pure" insurance protection and does not have the cash value feature typically found in most permanent life insurance policies.
Term insurance may be compared to an automobile insurance policy.
While the auto policy is in force, the insured enjoys protection against loss from an auto accident.
Other types of policies such as whole life, and universal life are considered to be "permanent" insurance, and are designed to provide protection for the entire life of the insured.
Term insurance provides only "pure" insurance protection and does not have the cash value feature typically found in most permanent life insurance policies.
Term insurance may be compared to an automobile insurance policy.
While the auto policy is in force, the insured enjoys protection against loss from an auto accident.
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