Chapter 3
Retirement Accounts and Investments for Small Businesses
IN THIS CHAPTER
Starting with a few retirement account basics
Checking out small business retirement account options
Choosing a quality investment provider
Making wise investment decisions for the long term
Saving and investing through retirement accounts is one of the simplest yet most powerful methods for small business owners and their employees to reduce their current and future income tax burdens and build a retirement nest egg. Unfortunately, many people don’t make use of these plans because they fail to establish one or spend too much of what they make.
To best take advantage of the tax savings that come with retirement savings plans, you should spend less than you earn. Only then can you afford to more fully contribute to these plans (although some plans allow for more of the contributions to come from the business owner if that’s something you’re interested in).
In this chapter, I detail your retirement account ...
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