BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V01

Qualified plans, such as a 401(k) plan, offer excellent benefits for small business owners. These plans can provide a multitude of tax advantages that combine to deliver far more tax leverage than most people may imagine. Here is a list of the advantages a 401(k) plan may provide for your company: 1. Within the limits of the present tax and ERISA (Employee Retirement Income Security Act) rules, the business receives a current income tax deduction

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BCG_SOCIAL-IMAGES_BUSINESS-OWNER_AH_V02

You’re certainly not alone if the words Individual Retirement Account (IRA) cause your mind to spin in confusion. The original IRAs were mind-boggling enough. However, now you have several options, including what many have called the “American Dream” IRA—the Roth IRA. Let’s take a moment and ferret out some of the nuances on the IRA landscape. Nondeductible IRA. This is the “plain vanilla” IRA. You simply write a check for up to $5,500 per year

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