Watch to learn more about Retirement Plans for a small business. You will hear about:
Self-employed, small company retirement plan options – most common, how they work and when they can make sense based on your circumstances.
1) Traditional IRA or ROTH IRA
a. Available to non-business owners too, but sometimes this is at least a good way to start for the small business owner
2) SEP
a. Often used when setting up a plan near the tax filing deadline.
3) SIMPLE IRA
a. Can be good for lower income earners and those with small number of non-owner employees
4) Solo-401(k)/Profit Sharing
a. Can be a significant way to put a lot of money away, especially for a husband/wife owned company with no or few employees
5) Cash Balance plan
a. Older owners can put significant amounts away & can be done in combination with the solo 401k/profit sharing plan as well….(read more)
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
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