By Kelly Kilpatrick if you are a entrepreneur or small company owner, you’re the one who’s in control about your financial future.
There isn’t any one else to count on when it comes to saving and planning for the future, so that you has to take this matter on yourself. The truth is many traditional savings and your retirement plans are unavailable for your requirements because of income limitations. Here are a few cost savings options for business owners and small businesses.
Solo 401(k) a solo 401(k) plan is a great alternative to the original 401(k), and was created for self-employed people, entrepreneurs, and small businesses without any full time employees.
The only exclusion to this might be in the event that small business owner’s spouse is definitely an worker. Solo k that is 401( plans have simplified administrative rules, unlike their traditional counterparts. Continue reading “Savings and Retirement Plans for Entrepreneurs and Small businesses”