Watch to learn more about Retirement Plans for a small business. You will hear about: Self-employed, small company retirement plan options – most common, how they work and when they can make sense based on your circumstances. 1) Traditional IRA or ROTH IRA a. Available to non-business owners too, but sometimes this is at least a good way to start for the small business owner 2) SEP a. Often used when setting up a plan near the tax filing deadline. 3) SIMPLE IRA a. Can be good for lower income earners and those with small number of non-owner employees 4) Solo-401(k)/Profit Sharing a. Can be a significant way to put a lot of money away, especially for a husband/wife owned company with no or few employees 5) Cash Balance plan a. Older owners can put significant amounts away & can be done in combination with the solo 401k/profit sharing plan as well.... ( read more )
LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SI
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)