You may not be retiring for many years, but now is the time to ask yourself a vitally important question…
“Which retirement plan makes the best sense for me?”
The problem is, there are so many alternatives, you may be confused about which plan design to choose.
Should you go with a 401(k)? A profit sharing plan? A defined benefit plan? A SEP or SIMPLE IRA? If you’re looking for smart, informed answers, you need to read our new article titled Tax Tips: Choosing the Right Retirement Plan Design.
Three ways our fact-filled article can help you:
- We’ll explain why flexibility is so important. Some plans demand that you make a required contribution every year. Others let you decide if, and how much, you want to contribute. Both approaches have pros and cons. We’ll sort them out for you when you read the full article.
- We’ll tell you how to manage competing goals. As a single owner or husband/wife-owned business, you probably have two competing goals. You want to minimize taxable income and maximize retirement plan contributions. We’ll explain how to do both when you read the full article.
- You’ll learn the truth about SEPs and SIMPLE IRAs. These two retirement design plans have some real advantages. But you have to watch out for some pitfalls too. We’ll steer you in the right direction when you read the full article.