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Business owners

401(k) PlansBusiness ownersEmployee benefitsRetirement PlanningSEP IRASolo 401(k)Updated for 2021

3 Retirement Plans for Small Businesses: How They Compare

What's the best retirement plan for small businesses? Business owners with employees have several options: traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA are the most popular. The best option will depend on factors unique to your business such as budget, employee makeup and funding goals (for yourself,…
January 7, 2020
Business ownersRetirement PlanningSecure ActSolo 401(k)Tax planningUpdated for 2021

Small Business Retirement Plans with Tax Benefits for Solos, Part-timers, or Companies with Employees

Updated for 2021. Self-employed business owners and entrepreneurs working for themselves part-time have a lot of flexibility when it comes to saving for retirement and managing their taxes. Though self-employed retirement plans are quite easy to set up and fund, there are some deadlines to be aware of. Particularly for…
October 15, 2019
401(k) PlansBusiness ownersInfographicsRetirement PlanningSEP IRASolo 401(k)Tax planningUpdated for 2021

SEP IRA vs Solo 401(k): What’s the Best Retirement Plan for Small Business Owners?

Updated for 2021. Business owners have several retirement plans to choose from. For small companies, the SEP IRA and Solo 401(k) are the most common. What are the pros and cons of the SEP IRA vs Solo 401(k)? Determining which plan is best suited for you will depend on certain…
February 8, 2017
Business ownersRetirement PlanningSEP IRAUpdated for 2021

The IRA for the Self-Employed: Tax & Retirement Planning with a SEP IRA

Updated for 2021. The Simplified Employee Pension (SEP IRA) is a type of a Traditional IRA typically adopted by self-employed small business owners (sole proprietors, partnerships, C and S corporations), and the self-employed. Unlike most types of retirement plans, the SEP IRA is almost always funded exclusively by the employer – employees generally cannot…
November 23, 2016