Retirement Plan Considerations Cheat Sheet for Small Business

RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you.

Topics to consider when developing a retirement plan for yourself and your employees.

ADVISOR:

Independent Advisory Firm
Insurance Brokerage Based
Securities Brokerage Based

PLAN ADMINISTRATOR/SERVICE PROVIDER:

Third Party Administrator
Insurance Company
Mutual Fund Company
Securities Brokerage Company

TRUSTEE OR CUSTODIAN:

Insurance Company
Mutual Fund Company
Securities Brokerage Company
Self-Trustee

TYPE OF PLAN:

IRA
Roth IRA
Simplified Employee Pension Plan - (SEP)
Savings Incentive Match Plan For Employees IRA - (SIMPLE IRA)
Savings Incentive Match Plan For Employees 401 (k) - (SIMPLE 401 (k))
401 (k) Plan
Money Purchase Pension Plan
Profit Sharing Pension Plan
403 (b) Plan
Target Benefit Plan
Defined Benefit Pension Plan

OTHER PLAN CONSIDERATIONS:

Suitability
Plan Features (Including Cost, Establishment and Maintenance)
Plan Contribution Limits
Set Up And Contribution Deadlines
Eligibility Requirements
Investment Options

As a small business person you may eventually sell your business, perhaps for a large sum, but with inflation and cost of living will it be enough? People are living longer, so if you think you will work until age 60 or 70 and then sell your business, you may need enough money to live for another forty or more years. The avearge life expectancy for a 30-40 year old is age 110. That is without considering any new break through miracle drugs, which scientists assure us are definitely on there way.

Currently we see the political tug of war as to what to do about social security. Do you have a plan? Are you willing to take that risk?

"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs

---

My Way Or The Highway: Give Your Financial Professionals A Good Talking To!

All this talk about Investing is encouraging lately. Over the... Read More

Why You Need To Buy and Sell Gold Coins (Part 2)

How to Collect Rare Coins For Fun and ProfitTime has... Read More

The Perfect Mutual Fund

The Perfect Mutual Fund is the one you build yourself!The... Read More

401(k) Plans

I've been in and interested in the stock market so... Read More

Out-Of-State Investors Check List of Questions

The following lists of questions are suggested questions to ask... Read More

Retirement is Never Urgent Until

If you're like many people, your retirement savings have not... Read More

Critical Options Investing Tip When Trading Naked Calls and Puts

An option is a derivative trading product that is best... Read More

Wit and Wisdom on Money, Wall Street and Success - Part #4

Can you concisely summarize your investment philosophy in a few... Read More

A Secret Revealed: Why Most (Day) Traders Fail

The following perspective on (day) trading comes from my many... Read More

Gold; What Type of Gold to Buy

JewelryThe advantages are:? Gold Jewelry is the easiest of the... Read More

Reasons For Joining An Investment Club

Whether you're a novice investor or an experienced stock picker... Read More

POOF goes your RRIF !

Some time ago I attended a seminar where participants were... Read More

Short Selling for Investors

Shorts. Let's see. If there are shorts there must be... Read More

Delist My Corporation Please

It use to be said that once a company was... Read More

Forex Trading Best Practices

FOREX, the term for the FOReign EXchange market, is an... Read More

Seven Investment Terms Everyone Should Know

For those who have never given their financial future a... Read More

Find a Methodology and Minimize Investment Madness

There are many reasons to be investing these days, and... Read More

Why You Need To Buy and Sell Gold Coins (Part 1)

The Value of Gold in a Era of Paper Assets,... Read More

Finding False Gold in Penny Stock

As far as traders go, many do not see the... Read More

Trading Is Not Rocket Science!

Despite what some people may lead you to believe; day... Read More

Art Investing for a Financial Future

When we think of investing we probably conjure images in... Read More

Poll Names Coin Laundries Best Investment For 2005

According to Morton Pollack, CEO of PWS, The Laundry Company... Read More

Financial Planners

"Financial planners are like dentists: they may occasionally inflict pain,... Read More

The Dreaded Direct Question

(Please have a glass of water within reach before reading... Read More

What If You Absolutely Positively Could Not Lose - Would You Play the Stock Market?

Seniors on fixed incomes face a unique problem. Where do... Read More

Guru Focused: Robert Olstein?s Short Sells

While it is rather rare that value gurus sell stocks... Read More

Straddle Strategies in Option Trading

The straddle strategy is an option strategy that's based on... Read More

Consolidation Period

The economic data reported Fri showed continued above trend growth... Read More

Angel Investors: Who They Are & When Are They Appropriate

Angel investors are individuals who invest in emerging business ventures.... Read More

Getting Started Investing is Often the Hardest Part

There are several reasons people give for not investing their... Read More

Oil and Gasoline Price Uncertainties

The Light Crude Continuous Contract hit an all-time high at... Read More

The Switzerland of Asia Shines

In many respects, Singapore is the Switzerland of Asia.Begun in... Read More

Success Trading: Some Basic Terminology for New Traders

The world of trading can get very complex because the... Read More