Small Company / Self Employed Retirement
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“We’re a smaller company now, but we would like to take advantage of opportunities to put some of this money away for retirement (and it would be great if we could reduce some of our taxes).” |
The small business owner is typically one of the hardest working people around. We know that you pour countless hours into making your company successful. As many small businesses are growing, retirement planning is one of the last things that gets thought about. We understand that. We want to help make it easy for you.
We know that your business is your primary focus and possibly your largest single asset along with your home. We know that much of your excess capital goes back to your business. The fact still remains that you need to save for your retirement in a plan that is set up specifically for that purpose.
In addition to the future benefits of having money to provide for your well-being in retirement, the government has established tremendous incentives for you to lower your taxable compensation by contributing to a qualified retirement account. This could be as basic as establishing an IRA for yourself, but there are other options that are available only to businesses that can allow you to significantly increase your retirement savings (as well as your tax savings)!
The most common plans in this category are SEP IRA’s, Single 401(k)’s, SIMPLE IRA’s, Defined Benefit Plans, Profit Sharing Plans, and a couple of other options. Each one has a specific design to fit different types of businesses.
We have provided some helpful resources for you below to get you started. Contact us today to arrange a time to speak with one of our experienced retirement plan experts.
Company Retirement Plan Information Request Form
Valuable Web Resources
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