Retirement Plans
I need to retire from retirement.
—Sandra Day O’Connor
As far as I know, clocks only move in one direction: forward. With every day, each of us moves toward retirement. One of the benefits of being a small business owner is the ability to tailor a retirement plan to your needs.
Of course, the Tax Code only allows some types of tax-advantaged plans. This chapter looks at those plans and the tax and retirement consequences of each.
The Basics of Retirement Plans
When I first entered the workforce years ago, most employers offered pension plans. Most pension plans are defined benefit plans. Given the contributions into the plan ...
Get Tax Strategies for the Small Business Owner: Reduce Your Taxes and Fatten Your Profits now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
