Retirement Tips for Small Business Owners
As a small business owner it is logical to think that your business will provide for you in retirement. While that may be the case, it’s not a good idea to put all your eggs in that one possibility.
Small Business Owner
Simple IRA vs 401k – Which Should A Company Implement?
As a small business owner, perhaps you’ve been contemplating the best type of retirement plan to implement at your company. When looking to set up a company retirement plan for the first time, the amount of choices can completely overwhelm you. In fact, there are over 20 different types of plans that you could potentially …
Simple IRA vs 401k – Which Should A Company Implement? Read More »
SEP IRA vs Solo 401k
If you can relate to any of the following scenarios then this blog post is for you: You are a one (or multiple) owner company with no employees. You are a husband and wife owned company with no employees. You are a 1099 contractor with no employees. Over the past few weeks I have been …
4 Secret Benefits of Setting Up a 401k
As a business owner you have a tremendous opportunity that your employees do not have. You have the ability to set up a 401k plan. Employees don’t have a say in what type of retirement plan, if any, their company offers. But for you, as a small business owner, you get to choose whether or not …
Should You Set Up A Small Business 401k?
401k plans are a great tool for small business owners to achieve their retirement goals. But let’s not put the cart before the horse. The first question to ask is: SHOULD YOU EVEN SET UP A SMALL BUSINESS 401K? The answer to this question is “it depends”. Every small business owner has different goals. Maybe …
Should You Invest Outside Your Business?
A while back, I wrote a blog titled Retirement Tips for Small Business Owners. One aspect of that blog revolved around business owners depending on their business to provide for their future retirement. I discussed that any number of things could render your business obsolete and that small business owners need to have a back …