A Roth IRA is a retirement savings account with specific tax benefits. Don’t be fooled by the fact that the Roth IRA is designated as a retirement account because you can actually get some of your money out before you hit retirement age. For this reason, it can be a good investment for younger investors who are years away from the retirement age of 65.
How do you plan for retirement when self employed? These articles seek to answer that questions guiding you through the maze of 401K’s and Roths IRA’s. Also we answer the question of how to pass on the company you built. See our “Exiting” category on the left hand menu for more in regards to moving on in this regard.
Roth IRA Basics by Andy Jones (Monday, September 2nd, 2013)
Solo 401(k) – 2 by Dustin Woodard (Monday, September 2nd, 2013)
There are new 401(k) -like options for sole proprietors or people running small businesses. These new products will help these people defer more money to retirement.
Should you offer a 401k Plan to your Employees? by S. Brett Anderson (Sunday, September 2nd, 2012)
A strong retirement benefit is a powerful tool for attracting and keeping capable and committed employees. The costs associated with administering such a benefit and the matching contributions to your employees’ accounts could turn into an expensive way to keep your people happy. The government helps defray a significant portion of these expenses and all participants, company owners included, defer taxes on the wages they direct into a defined contribution plan. It’s a good idea to be sure that any retirement plan you set up makes the most of your investment.
Selling your Biz by Andy Jones (Tuesday, September 6th, 2011)
Selling your businessis one of the toughest things youll ever do, and you needed to start planning for it yesterday. A primer for cashing outfrom dealing with brokers to creating an exit strategy.
Do You Have an Endgame? by Chris Freeburn (Monday, May 2nd, 2005)
Small business owners contemplating retirement often find themselves torn between wanting to enjoy the relaxation and family time retirement offers, and desperately wanting the company they founded and built to continue on without them. Who wants to have spent years painstakingly building a firm and a name only to see it shuttered as soon as you leave?
Self Employed 401(k) by Eric Sewell (Tuesday, July 13th, 2004)
I was recently made aware of the “new type of 401(k) plan” or what has been referred to as the “Solo 401(k) .” Interested because I am a small business owner with my spouse, I did some gumshoe research.
Jackpot! by John McPartlin (Tuesday, March 2nd, 2004)
Selling your business is one of the toughest things you’ll ever do, and you needed to start planning for it yesterday. A primer for cashing out—from dealing with brokers to creating an exit strategy.
Retirement Plans – 401(k) by Daniel Lamaute (Friday, September 5th, 2003)
A Solo 401(k) plan provides a great tax break to the smallest business owners. In addition to the possibility to shelter from taxes a large portion of income, some Solo 401(k) plans offer a loan feature for cash-strapped small business owners.
Solo 401(k) – 3 by Kevin Kaiser (Monday, February 11th, 2002)
Jim is a very successful small business owner in western Colorado. And like most entrepreneurs, he is concerned with not only growing his business, but also with effectively funding and securing his retirement. After all, he is hoping (like most business owners) that he will one day be able to lounge on the beach or leisurely cruise the ski slopes with his wife.