Business Retirement Plans
As a business owner you have worked hard to build and grow your business. Creating a Retirement Plan for your business could be a very effective tool, more so than a retirement calculator, to help save for retirement and have a significant impact on the amount of taxes you currently pay. In addition to benefiting you personally, it may be a great way to reward your employees, and act as a recruiting and retention tool for top talent. Whether it is a SIMPLE IRA, SEP IRA, Roth IRA, 401(k) or Roth 401(k), there are plan options within the defined contribution space that work well for most employers.
In addition to defined contribution plans, another option to help minimize taxes and provide for significant future retirement funds is a defined benefit plan. For example, individual business owners without employees experiencing significant profits can contribute significantly larger amounts to a defined benefit plan and resulting in greater tax deductions.
At Shaw & Associates we will consult with you to choose the plan that is right for you.