From
Your Perspective:
Small business retirement plans
Choosing the right
plan
Choosing
to offer a retirement plan is a big step for your business and for
meeting your own investment goals. The right plan can help cut your tax
bill while helping you — and any employees you might have — save and
invest for the future.
There are a
lot of things to consider, so you’ll probably want to seek the help of
financial services professionals who can explain your options to you
and help you analyze the pros and cons of your various choices.
One
word of caution: The laws and rules governing these plans change
frequently. To find out the latest requirements and contribution
limits, it’s a good idea to check the Department of Labor Web site (www.dol.gov) and the IRS Web site (www.irs.gov), along with consulting with an experienced adviser.
You can compare the various small business
retirement plans using the Small Business Retirement Savings Advisor on
the Department of Labor Web site:
www.dol.gov.
