Stateline Senior Services’ Post

Navigating retirement plans as a small business owner doesn’t have to be daunting. This article covers the basics of SIMPLE-IRAs, SEP-IRAs, and 401(k)s, each offering unique advantages. SIMPLE-IRAs allow both employers and employees to contribute, with lower maintenance costs and flexibility in contributions. SEP-IRAs, sponsored solely by employers, provide flexibility in contributions from year to year, which can be helpful for businesses with fluctuating cash flow. Finally, 401(k)s enable employees to contribute with the possibility of employer matching. Choosing the right plan depends on your business structure and goals, so consulting with a professional is a great next step. #SmallBusinessOwner #RetirementPlans #SIMPLEIRA #SEPIRA #401k #FinancialPlanning https://lnkd.in/ejERuiE3

Retirement Plan Choices for Small Businesses

Retirement Plan Choices for Small Businesses

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