Article Date:
March 2011

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The Best Small-Business Retirement Plans: Part 1

If you have procrastinated and not yet set up a tax-advantaged retirement plan for your business, you’re not alone.


Still, this is not a good situation.


You’re paying income taxes that could easily be avoided, and you’re not preparing for the future.


Don’t worry. You can set things right by establishing a retirement plan this year. But which type of plan is right for you?


Starting with this article (the first of a series), we will help you answer that question by explaining the best plans for single-owner and husband-wife businesses and how they work.


Retirement Plan Basics


Small-business retirement plans come in two basic varieties:



Defined contribution plans, which come in several different flavors


Defined benefit pension plans


Thus, the plan you choose defines either the contribution or the retirement benefit.


Defined Contribution Plan Basics


With a defined contribution ... Log in to view full article.

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