Small Business Retirement Plans
One of the best parts of being self-employed is you get to choose your own retirement plan. Of course, one of the worst parts is you have to figure out which retirement plan to use.
One of the best parts of being self-employed is you get to choose your own retirement plan. Of course, one of the worst parts is you have to figure out which retirement plan to use.
Despite the apparent similarities, small practice and large company plans cannot be more different from one another. It's not just the number of participants.
[Editor's Note: This is a guest post from Konstantin Litovsky, a financial advisor specializing in small practice retirement plans. While this is not a paid post, he is a paid advertiser on this site....
I remember when I first realized a SIMPLE IRA was not just a simple (meaning regular old traditional) IRA. Once I began to learn more about them, I still had trouble understanding why anyone would ev...