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Best Retirement Plans for Small Business Owners

Edward Harrison

Small and medium business owners usually have too many thin on their radar and retirement planning tend to take a back seat. In the end most small and mid-size business owners don't save enough for retirement.

According to Small Business Administration (SBA), only 36% of small business owners have an active IRA and only 30% participant actively contribute to it. Another twenty percent participate in 401(k) plans. This leaves almost 50% of small and mid-size business owners with no serious plan for retirement.

Frequently Asked Questions About 401(k)

Amanda Brown

401(k) is the most popular retirement planning strategy. Most people participate in a employer sponsored retirement plan but few really understand how a 401(k) plan works and what are the important things they should be aware of.