Retirement Plan Considerations Cheat Sheet for Small Business

RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you.

Topics to consider when developing a retirement plan for yourself and your employees.

ADVISOR:

Independent Advisory Firm
Insurance Brokerage Based
Securities Brokerage Based

PLAN ADMINISTRATOR/SERVICE PROVIDER:

Third Party Administrator
Insurance Company
Mutual Fund Company
Securities Brokerage Company

TRUSTEE OR CUSTODIAN:

Insurance Company
Mutual Fund Company
Securities Brokerage Company
Self-Trustee

TYPE OF PLAN:

IRA
Roth IRA
Simplified Employee Pension Plan - (SEP)
Savings Incentive Match Plan For Employees IRA - (SIMPLE IRA)
Savings Incentive Match Plan For Employees 401 (k) - (SIMPLE 401 (k))
401 (k) Plan
Money Purchase Pension Plan
Profit Sharing Pension Plan
403 (b) Plan
Target Benefit Plan
Defined Benefit Pension Plan

OTHER PLAN CONSIDERATIONS:

Suitability
Plan Features (Including Cost, Establishment and Maintenance)
Plan Contribution Limits
Set Up And Contribution Deadlines
Eligibility Requirements
Investment Options

As a small business person you may eventually sell your business, perhaps for a large sum, but with inflation and cost of living will it be enough? People are living longer, so if you think you will work until age 60 or 70 and then sell your business, you may need enough money to live for another forty or more years. The avearge life expectancy for a 30-40 year old is age 110. That is without considering any new break through miracle drugs, which scientists assure us are definitely on there way.

Currently we see the political tug of war as to what to do about social security. Do you have a plan? Are you willing to take that risk?

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

How to Analyze the Veracity of Investment Newsletters

When trying to analyze whether a promotional ad for an... Read More

Raising Capital in Today?s ?New Economy?

We've helped a number of clients develop business plans and... Read More

Property Investment Just Got Exciting

There is an area in Brazil that has lower crime... Read More

Retirement Plan Considerations Cheat Sheet for Small Business

RETIREMENT PLAN CONSIDERATIONS are something every small business person needs... Read More

It?s Never too Early to Start Investing!

Remember the old saying, "never too late to start"? Well,... Read More

Forex Trading Best Practices

FOREX, the term for the FOReign EXchange market, is an... Read More

Secret Stock Options Trading Strategies the Experts Don`t Want You to Know

To understand stock options, we need to look at Webster’s... Read More

Useful Tips on Investing

Here are some useful tips on investing. When you make... Read More

Overbought/Oversold

Has your broker ever told you that a stock is... Read More

Investing & Online Stock & Share Trading- The Stock & Share Markets are Booming But Be Warned

I had the pleasure of being invited on a friend's... Read More

Invest To Make Money, Not To Get Rich

The technology boom of the '90s romanticized the "rags-to-riches" ideal... Read More

Investors: Avoid These 5 Common Tax Mistakes

For many investors, and even some tax professionals, sorting through... Read More

Trading Systems

A trading system consists of a set of rules for... Read More

A Gadfly On A Dinosaurs Butt, Or The Hood-winking Of The American Investor

Have you ever noticed how some words in the English... Read More

Trading For A Living - Part 2

In part 1 of this article I started to look... Read More

Seven Investment Terms Everyone Should Know

For those who have never given their financial future a... Read More

Evaluating A Money Manager

Scams and frauds are designed to take your money through... Read More

Creating a Financial Future--Putting Your Plan Into Action Part 2

Real Estate can be a useful tool for investing. The... Read More

Investing Offshore for Retirement

As an expatriate you are in a privileged savings and... Read More

Bearish or Bullish?

If you are interested in stock investing and the stock... Read More

Investing As A Sport?

I said last week that money doesn't generally buy happiness,... Read More

Beginning Investor - Investment Terms

Over the course of the past two months, readers have... Read More

Building The Foundation For Wealth

You wouldn't build your home on anything less than a... Read More

Investing in Car Dealerships: How to Do It Right

The financial characteristics of the automobile dealership are attractive:". .... Read More

When Its Too Late to Save for Retirement

You are 55 years old (or somewhere around there) and... Read More

Value Investing

By definition, value investing is the process of selecting stocks... Read More

The Cost of Green Eggs and Ham

Young readers know that March 4th is the birthday of... Read More

Choosing A Financial Advisor

With so many financial advisors trying to woo you with... Read More

Why You Need To Buy and Sell Gold Coins (Part 3)

Putting Rare Coin Market Cycles to Work for You...Until recently... Read More

How to Choose the Right Share Class

You'll want to opt for the no-load or institutional share... Read More

Asset Allocation Lessons: The 70% Inflation Solution

For investors only... and for speculators who need to invest... Read More

How to Use Annual Report

There are many steps in calculating the fair value of... Read More

Buying a Home - Your BIGGEST Investment

This column has often focused on intangible investments like stocks... Read More