Small business owners have many options when establishing retirement plans. In order to select the appropriate plan or combination of plans, several key factors, specific to each client’s unique situation, must be taken into consideration.

To help differentiate between the most commonly adopted retirement plans, use the chart in the link below. This guide can be used when comparing plan options and discussing your goals regarding:

  • Maximizing retirement savings
  • Incentivizing employees
  • Managing costs and administrative complexity
  • Optimizing income tax planning

Click on the button below to review this chart, Common Retirement Plans for Small Business Owners, to see which plan or combination of plans is best suited to your small business needs.

If you answer “YES” to any of these questions, be sure to consult with your financial advisor as individual situations may vary. For more information, contact the PBMares Wealth Management team.

About the Author:

pbmares wealth management logo icon

PBMares Wealth Management