Road to Financial Wellness

Our Approach

At Manna Capital Management, we know that balancing a busy life with the financial demands of saving for retirement or saving for college is no easy task. We understand that every decision you make about spending, saving, and giving back to your family and to your community is complicated.

That's why Manna is here to work with you.

We take into account what's important to you and helps guide your planning decisions so they align with what you value most. Connecting your financial goals with what matters to you creates a solid foundation for success—a foundation strengthened with every choice you make. We'll be with you along with the way.

Begin with the First step

We believe that taking a step - even a small one - can start you on a path to positive change. We offer you the ongoing support you need to take actions that are right for you, right now. The choices you make - what to buy and what not to buy, how much to save, how to invest and much, much more - can make a difference in your life, today and in the future. Take the first step today and find out how we can help you.

We're Here to Help

You're not on your own. Manna Capital Management offers you comprehensive planning, support and education. The powerful combination of a team and experience, together will help you address current concerns, and guide you towards a plan that strives to tie it all together. At Manna Capital Management, you'll get honest, down-to-earth, helpful guidance from us, a comprehensive plan, and a personal, one-on-one relationship focused on your path to prosperity.


This article was written by Wells Fargo Advisors and provided courtesy David D. Kassir, Senior Financial Advisor in the Washington DC Metro area – David can be reached at 703-533-0030

Wells Fargo Advisors does not provide legal or tax advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors Financial Network, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Manna Capital Management is a separate entity from WFAFN.                                                                                                                  ©2016  Wells Fargo Clearing Services, LLC.

All rights reserved.

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Road to Financial Wellness

Which Retirement Plan Is Right for Your Business?


If you own a small business, there are many retirement plan alternatives available to help you and your eligible employees save for retirement. For most closely-held business owners, a Simplified Employee Pension Individual Retirement Account (SEP IRA) was once the most cost-effective choice. Then the Savings Incentive Match Plan for Employees (SIMPLE IRA) became a viable alternative. Today you may find that a defined benefit or 401(k) plan best suits your needs. To make an informed decision on which plan is right for your business, review the differences carefully before you choose.

Simplified Employee Pension Individual Retirement Account (SEP IRA). This plan is flexible, easy to set up, and has low administrative costs. An employer signs a plan adoption agreement, and IRAs are set up for each eligible employee. When choosing this plan, keep in mind that it does not allow employees to save through payroll deductions, and contributions are immediately 100% vested.

The maximum salary deferral limit to a SIMPLE IRA plan cannot exceed $12,500 for 2017. If an employee is age 50 or older before December 31, then an additional catch-up contribution of $3,000 is permitted. Each year the employer must decide to do either a matching contribution (the lesser of the employee’s salary deferral or 3% of the employee’s compensation) or non-matching contribution of 2% of an employee’s compensation (limited to $270,000 for 2017). All participants in the plan must be notified of the employer’s decision.

401(k) plans. This plan may be right for your company if you want to motivate your employees to save towards retirement and give them a way to share in the firm’s profitability. 401(k) plans are best suited for companies seeking flexible contribution methods.

When choosing this plan type, keep in mind that the employee and employer have the ability to make contributions. The maximum salary deferral limit for a 401(k) plan is $18,000 for 2017.  If an employee is age 50 or older before December 31, then an additional catch-up contribution of $6,000 is permitted. The maximum amount you, as the employer, can contribute is 25% of the eligible employee’s total compensation (capped at $270,000 for 2017). Individual allocations for each employee cannot exceed the lesser of 100% of compensation or $54,000 in 2017. The allocation of employer profit-sharing contributions can be skewed to favor older employees, if using age-weighted and new comparability features. Generally, IRS Forms 5500 and 5500-EZ (along with applicable schedules) must be filed each year.

Once you have reviewed your business’s goals and objectives, you should check with your Financial Advisor to evaluate the best retirement plan option for your financial situation.

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This article was written by Wells Fargo Advisors and provided courtesy David D. Kassir, Senior Financial Advisor in theWashington DC Metro area – David can be reached at 703-533-0030

Wells Fargo Advisors does not provide legal or tax advice. Be sure to consult with your tax and legal advisors before taking any action that could have tax consequences.

Investments in securities and insurance products are: NOT FDIC-INSURED/NOT BANK-GUARANTEED/MAY LOSE VALUE

Wells Fargo Advisors Financial Network, LLC, Member SIPC, is a registered broker-dealer and a separate non-bank affiliate of Wells Fargo & Company.

Investment products and services are offered through Wells Fargo Advisors Financial Network, LLC (WFAFN), Member SIPC. Manna Capital Management is a separate entity from WFAFN.                                                                                                                  ©2016  Wells Fargo Clearing Services, LLC.

All rights reserved.

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