How to Choose the Right Retirement Plan for Your Business

What's in this episode

Stop treating your retirement like a someday problem…For business owners, the right plan can be a valuable tax strategy. But too many entrepreneurs wait too long, choose the wrong plan, or assume a 401(k) is only for big companies. In this episode, Mike sits down with Matt Ruttenberg to explain how retirement plans work for small business owners. They break down the differences between SEP IRAs, SIMPLE IRAs, solo 401(k)s, safe harbor 401(k)s, and defined benefit plans, plus the questions you should ask before choosing a plan, including your contribution goals, employee needs, cost, timing, and tax savings potential. 🚀 Ready to find the right retirement plan for your business? Start here: https://lifeincrs.com/tax-savings-podcast 👉 Get the Free Tax Savings Starter Kit Built for Small Business Owners: https://www.taxsavingspodcast.com/starterkit 🚀 Book your free demo call today. Click here or visit: https://taxelm.com/demo/ Chapters 00:00 Why Retirement Planning Matters for Business Owners The wrong retirement plan can cost business owners tax savings, growth, and long-term financial security. 01:20 Retirement Plan Options for Business Owners A breakdown of SEP IRAs, SIMPLE IRAs,