Small Business Retirement Plans

Small businesses often implement retirement plans to fund the business owner and employees' retirements, save on taxes, and/or retain key employees. Like building a comprehensive financial plan, you must sit down and discuss your goals for a retirement plan and work with a professional to design a plan that matches your objectives. The small business retirement plan universe can be complex and requires patience and focus in order to have a positive experience. Here are some examples of small business retirement plans:

  • SEP (Simplified Employee Pensions) IRA
  • SIMPLE (Savings Incentive Match Plans for Employees of Small Employers) IRA
  • ​Solo 401k
  • 401k
  • Pension Plan 
    • Defined Benefit
    • Cash Balance 

Some of these plans can even be combined to increase your savings opportunities. Successful plans are properly designed and communicated to the business owner and his/her employees. 

For additional information on building the right retirement plan, please contact us today.

 

Thrive Wealth Management, LLC’s (Thrive) web site does not represent an offer of or a solicitation for advisory services in any state/jurisdiction of the United States or any country where the firm is not registered, notice filed, or exempt.  Thrive provides advice and makes recommendations based on the specific needs and circumstances of each client.  Clients should carefully consider their own investment objectives and never rely on any single chart, graph or marketing piece to make decisions. Thrive is not a broker dealer and does not offer tax or legal advice. Please consult your tax adviser or legal counsel for assistance with your specific needs.

Thrive Wealth Management, LLC works as your personal financial advisor or financial planner, offering you a wide range of services such as investment management, retirement planning, insurances, succesion, retirement, tax, small business and many more. We proudly serve clients from King of Prussia and Valley Forge PA, as well as the surrounding communities.

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