As a small business owner/consultant, you need to get a retirement plan that’s right for your business. Whether you’re a solopreneur, small or medium-sized business, you and your employees will need some type of retirement plan to ensure you are well secured when you reach an advanced age.
At Human Resources For Me, we can guide you to a plan that will help you build wealth for the future while you focus on your business today.
Why do you need to set up a retirement plan?
A small-business retirement plan is as good as the business itself. It has benefits for you, your employees and your business. With such a plan, you are bound to get a variety of benefits, including:
- Jump-starting your savings: when you plan your retirement as a small business owner, you’re simply protecting and saving for your tomorrow.
- Tax breaks: most retirement plans offer tax-deferred growth on earnings. As the employer, you are also eligible for tax-deductible employer contributions.
- Benefits from growing money: other than your plan contribution, the compounding of interests, dividends, and capital gains allow your account to generate earnings on top of earnings. The compounding benefits can boost your business in the long run.
- Attract and retain employees: when your employees are offered a retirement plan, they are likely to remain with you and work even harder. This will make you more competitive in the job marketplace and help you maintain key employees who may be vital to your organization.
We can’t wait to help you with your retirement needs, contact us today.