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Common Pension Plans for Small Business Owners

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Business owners have many options when establishing retirement plans. Several key factors, specific to each unique situation, must be considered in order to select the appropriate plan or combination of plans.

 

This chart will help differentiate between the most commonly adopted pension plans. You can use this guide when comparing plan options and considering your goals regarding:

 

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

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