As a small business owner you have many options when establishing retirement plans. Several key factors, specific to each person’s unique situation, must be considered in order to select the appropriate plan or combination of plans.
To help differentiate between the most commonly adopted retirement plans, we have created this chart. You can use this guide when comparing plan options and discussing your goals with your financial advisor regarding:
- Maximizing retirement savings
- Incentivizing employees
- Managing costs and administrative complexity
- Optimizing income tax planning
