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Retirement Plan Considerations Cheat Sheet for Small Business
RETIREMENT PLAN CONSIDERATIONS are something every small business person needs to be thinking about. Do you have a strategic plan? Don't expect to have social security save you. Topics to consider when developing a retirement plan for yourself and your employees. ADVISOR: Independent Advisory Firm PLAN ADMINISTRATOR/SERVICE PROVIDER: Third Party Administrator TRUSTEE OR CUSTODIAN: Insurance Company TYPE OF PLAN: IRA OTHER PLAN CONSIDERATIONS: Suitability As a small business person you may eventually sell your business, perhaps for a large sum, but with inflation and cost of living will it be enough? People are living longer, so if you think you will work until age 60 or 70 and then sell your business, you may need enough money to live for another forty or more years. The avearge life expectancy for a 30-40 year old is age 110. That is without considering any new break through miracle drugs, which scientists assure us are definitely on there way. Currently we see the political tug of war as to what to do about social security. Do you have a plan? Are you willing to take that risk? "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
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