Now, you can choose from several types of tax-favored retirement plans geared to small businesses and sole proprietors.
The chart below compares the main features of the four most popular alternatives for small businesses: Simplified Employee Pensions (SEPs), Savings Incentive Match Plans for Employees (SIMPLEs), Keogh plans and Solo 401(k) plans.
Note: Figures are based on 2006 tax-year limits.
For a more detailed comparison of these retirement plans, send an e-mail message to SBTSeditor@NIBM.net, with the subject line “Small biz retirement plans,” and we’ll send you our special report.
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