Small-Business Retirement Plans
"It's easy to neglect setting up a retirement plan when you own your own business. With so many existing administrative tasks--payroll taxes, health insurance benefits, bookkeeping--adding one more benefit may seem overwhelming.
But retirement creeps up on you much faster than you'd expect. Setting up a retirement plan is essential--and the sooner, the better.
What Are Your Options?...
Simplified Employee Pension) Plan...
Profit Sharing Plan...
Money Purchase Plan...
401(k) Plan...
Paired Profit Sharing and 401(k) Plan...
SIMPLE (Savings Incentive Match Plan for Employees) Plan...
Pension (Defined Benefit) Plan...
Paired Defined Benefit and Defined Contribution Plan..."
Read more including the pros and cons of each option in this article from Forbes.com.
