How To Set Up A Retirement Plan For A Small Business?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Sometimes the set up costs and ongoing maintenance expense can be prohibitive for a small business to install a qualified plan. A couple of considerations can help determine the selection of either a qualified or non-qualified plan, cost being the biggest item. The business owners tax bracket may warrant a individual qualified plan or an employer sponsored plan like a 401(k) as an employer recruitment and retention benefit. There are many options to choose from depending upon the economic characteristics of the business.

   Answered on August 8, 2013

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