| | Jan 28 | manage
Several retirement plans suitable for franchise and small business owners are available for consideration. The problem is separating the wheat from the chaff without spending way more time than necessary on figuring it out.
Robert Powell of Retirement Weekly lends a hand by penning a piece in USA Today, naming such plans as SEP-IRAs, SIMPLE-IRAs, SIMPLE 401(k)s, small-business owner 401(k)s, traditional 401(k)s, money purchase plans, profit-sharing plans, and defined benefit plans.
Sarah Rieger, a certified financial planner with Fulcrum Financial Group in Spokane, Washington, says the decision depends on what you're trying to accomplish.
Are you trying to maximize your tax advantages; or encourage employees to contribute and plan for their retirement; or reward employees who have...