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Welcome to Commonsense Financial Planning.

Common sense answers to questions on financial planning, risk management, and investing.


Retirement Plans For Your Business

Back in the old days, Retirement meant the same thing to just about everybody, after putting in your 30 or 40 years with "The Company" you received a gold watch, a pat on the back, an began collecting a "pension."

Things are somewhat different today, people are retiring at age 50, 60, 70 and beyond. People retire from long held positions with large corporations, from partnerships and sole proprietorships, family owned businesses, and professional practices. There are almost as many types of retirements as their are retirees.

But their is one constant when it comes to retiring;

When people retire from a life's work, they don't retire from life!

The need to plan for a financially secure retirement is of real concern to most people. There are also many different concerns people have today when considering retirement plans, everything from helping employees and their families save for their retirement, to fostering the loyalty of key employees, to receiving company and individual tax breaks.

Types of Retirement Plans for Businesses

401(k)

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SIMPLE

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SEP's

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Pension/Profit Sharing

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(coming soon)

403(b)

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(coming soon)1

Business Size

25 or more employees 100 or fewer employees very small small to medium various

Type of Business

Sole proprietorships.

Partnerships

Corporations
Sole proprietorships.

Partnerships

Corporations
Sole proprietorships.

Partnerships

Corporations
Sole proprietorships.

Partnerships

Corporations
Schools

Non-profit organizations




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