Ads
related to: examples of retirement accounts for small business owners
Search results
Results from the WOW.Com Content Network
The post Retirement Strategies for Small Business Owners appeared first on SmartReads by SmartAsset. This holds true for retirement planning as well, and doing so with time is crucial for success.
SIMPLE IRA. The SIMPLE IRA is an easy way for small employers, including the self-employed, to offer employees a retirement plan. The SIMPLE IRA can be easier for an employer to set up than many ...
Whether you're self-employed, a small-business owner or a more traditional employee, there are good retirement plan options for you. Read The 9 Best Types of Retirement Accounts from Money Talks News.
SEP-IRA. A Simplified Employee Pension Individual Retirement Arrangement ( SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owners to provide retirement benefits for themselves and their employees. [1] There are no significant administration costs for a self-employed person ...
Individual retirement account. An individual retirement account [1] ( IRA) in the United States is a form of pension [2] provided by many financial institutions that provides tax advantages for retirement savings. It is a trust that holds investment assets purchased with a taxpayer's earned income for the taxpayer's eventual benefit in old age.
Benefits. The main benefit of a Keogh plan versus other retirement plans is that a Keogh plan has higher contribution limits for some individuals. For 2011, employees can generally contribute up to $16,500 per year, and the employer can contribute up to $32,500, for a total annual contribution of $49,000. The total contribution cap is $50,000 ...
Ads
related to: examples of retirement accounts for small business owners