Business Owner Retirement Plan

Basically, there are 4 types of retirement plans that small-business owners might consider:

1.     Simplified Employee Pension Plan (SEP IRA)
2.     Savings Incentive Match Plan for Employees (SIMPLE IRA)
3.     Self-Employed 401(k) plan
4.     401(k) plan (better for larger companies given setup costs, administration, fiduciary responsibilities, etc.)

Here are 3 very compelling reasons:

•   Your plan not only helps secure your future—it may be the primary way your employees can help secure theirs.
•   Offering a plan helps make your business competitive when it comes to attracting and keeping good employees.
•  There are potential tax benefits to offering a plan, because plan contributions for the business owner are deductible as a business expense.

Source: https://www.fidelity.com/viewpoints/retirement-plan-small-business

Contact us to learn more about the right insurance for you.