Financial Advisor Insights

Retirement Plans for Small Business Owners with Employees

Small businesses with employees who want to offer a retirement plan will have several options including a traditional 401(k) plan, SIMPLE 401(k), SIMPLE IRA, and SEP IRA. The best option will depend […]

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The Secure Act Means Major Changes to the Retirement System

The Secure Act was signed into law on December 20th, 2019, solidifying the most significant changes to the retirement system in over a decade. Though clarification on some of the finer points of the […]

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Business Owners: It's Not Too Late to Lower Your Taxable Income for the Year

Self-employed business owners and entrepreneurs working for themselves part-time have a lot of flexibility when it comes to saving for retirement and managing their taxes. Though self-employed […]

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What New Business Owners Need to Know Before Starting a Company

Before you leave a steady job with a salary and benefits to start a business, it’s important to properly prepare for the transition. Getting your personal finances organized and properly set up […]

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SEP IRA vs Solo 401(k) for Self-Employed Business Owners

Self-employed business owners have a few options when it comes to saving for retirement. The most common retirement plans for small business owners are the SEP IRA and Solo 401(k), also called an […]

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Self-Employed? Save for Retirement with a Solo 401(k)

Updated for 2020. The Individual (or Solo) 401(k) plan is very similar to a Traditional 401(k) plan, only designed for business owners with no employees. Compared to the other types of retirement […]

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How Self-Employed Business Owners Can Save for Retirement with a SEP IRA

Updated for 2020. The Simplified Employee Pension (SEP IRA) is a type of a Traditional IRA typically adopted by small business owners (sole proprietors, partnerships, C and S corporations), and the […]

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Can I Contribute to More Than One Employer-Sponsored Retirement Plan?

Updated for 2020. Can I contribute to more than one retirement plan? This is a common question for individuals that are not employed full-time in their business – independent consulting is a common […]

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Choosing Between a SEP IRA and an Individual 401(k)

Updated for 2020. Self-employed business owners have several retirement plans to choose from, and for small companies, the SEP IRA and Individual 401(k) are the most common. Determining which plan is […]

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Retirement Strategies for Small Businesses

Updated for 2020. It can sometimes be difficult for business owners to plan for retirement while keeping up with the demands of running a company. Setting up a retirement plan may seem daunting or […]

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