Simple retirement plans for small businesses

simple retirement plans for small businesses

Your age should determine the risk capacity of your IRA accounts. But if you can afford one, this plan provides a hard-to-beat retirement nest egg. Defined-benefit plan. The cash balance option is very popular with small companies because they simple retirement plans for small businesses for varying levels of contributions for employees — more for the owner, less for his martin luther king thesis, Shapiro says. Share this page. Simple retirement plans for small businesses award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Our editorial team does not receive direct compensation from our advertisers. We are an independent, advertising-supported comparison service. The offers that appear on this site are from companies that compensate us. One-participant or solo k plan. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Like almost everything else, setting up a retirement savings plan falls on the shoulders of a small business owner. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. The government provides all the materials you need to explain how it works to employees.