Secure Your Future with a Personalized Retirement Strategy

When it comes to planning for retirement, the best time to start is always now. Whether you’re a self-employed professional, a small business owner, or an individual looking to secure a comfortable future, having the right retirement strategy is essential.

At the Cloke Agency, we understand that every financial journey is different. That’s why we offer flexible, tailored solutions to help you achieve peace of mind, financial independence, and a retirement lifestyle you can enjoy.

Retirement Options Built for Your Needs

We offer a wide range of retirement account options designed to fit various life stages, business types, and income levels:

SEP IRA (Simplified Employee Pension IRA)

Ideal for Self-Employed and Small Business Owners

The SEP IRA is a powerful, tax-advantaged retirement solution offering high contribution limits and incredible flexibility for business owners and independent contractors.

  • Employer-funded contributions only
  • Contribute up to 25% of compensation (or $69,000 for 2024, whichever is less)
  • Flexible yearly contribution amounts
  • Contributions are tax-deductible
  • Easy and low-cost to set up and maintain
  • 100% immediate vesting for employees

Why it matters:
A SEP IRA lets you save aggressively in successful years and scale back when necessary—perfect for businesses with fluctuating income.

SIMPLE IRA (Savings Incentive Match Plan for Employees)

Straightforward Savings for Small Teams

For businesses with 100 or fewer employees, the SIMPLE IRA provides a streamlined way to help employees and owners save for retirement with matching employer contributions.

  • Employees contribute via salary deferrals
  • Employers match up to 3% or provide a 2% non-elective contribution
  • Minimal administrative burden
  • Affordable, effective retirement benefit

Why it matters:
Attract and retain top talent while investing in your employees’ future and your own.

Solo 401(k)

Maximize Your Savings as a Solo Entrepreneur

If you’re self-employed with no employees (except a spouse), the Solo 401(k) offers the highest retirement savings potential.

  • Contribute as both employer and employee
  • Higher contribution limits than most other plans
  • Optional Roth component for tax-free withdrawals
  • Catch-up contributions for those 50+
  • Loan feature available (optional)

Why it matters:
Take advantage of the ability to save aggressively and lower your taxable income now while building a stronger financial future.

Traditional & Roth IRAs

Flexible Solutions for Every Saver

Whether you’re just getting started or supplementing other retirement plans, Individual Retirement Accounts (IRAs) offer powerful tax advantages and investment flexibility.

Traditional IRA:

  • Tax-deferred growth
  • Possible immediate tax deductions
  • Required minimum distributions (RMDs) begin at age 73

Roth IRA:

  • Contributions made with after-tax dollars
  • Tax-free growth and withdrawals in retirement
  • No RMDs during the original account holder’s lifetime
  • Income eligibility applies

Why it matters:
IRAs give you flexible investment choices and critical tax advantages at every stage of your life, helping you build lasting wealth.

Our Retirement Planning Process

When you work with the Cloke Agency, you’re not just choosing an account—you’re choosing a long-term partner in your financial success.

1. Personalized Consultation
We begin by understanding your goals, income, business structure, and retirement timeline.

2. Tailored Strategy
We design a retirement savings plan customized for your unique needs—whether personal, family-focused, or business-driven.

3. Seamless Implementation
We guide you through account setup, employer documentation (if needed), and investment selection.

4. Ongoing Support
Annual reviews ensure your plan stays aligned with changes in your income, the economy, and your evolving goals.

Why Retirement Planning Matters

✅ Take control of your financial future
✅ Reduce your taxable income now
✅ Build long-term wealth with tax advantages
✅ Create a stable, comfortable lifestyle after you stop working
✅ Empower your employees and strengthen your business

📞 Ready to Start Planning for Your Future?

Don’t leave your retirement to chance. Let’s create a retirement roadmap that gives you the freedom, security, and peace of mind you deserve.

Schedule your free consultation today! 570-213-1846