Home based small businesses don't normally have access
the same type of retirement accounts as large organizations such as 401 (k) s or 403 (b) s. Of course any individual can invest in an Individual Retirement Account provided by their bank or credit union but other options are available which should be considered for a small businesses planning for retirement.
Not exact matches
«It typically makes more sense to consolidate your
retirement accounts of the
same type (pre-tax vs. after tax or Roth).
Assuming the
same 40 % marginal tax bracket and
retirement decades away, certain
types of investments seem to be better held in one
type of account than another.
Having multiple
accounts of the
same retirement account type, i.e. multiple IRA
accounts, gives you more flexibility in investments and can take advantage
of special bonus offers companies provide.
Rolling over separate
retirement accounts of the
same type into one at FAM Funds is an option you should consider.
An individual
retirement account (IRA) is a
type of retirement plan in the US which protects
retirement savings from taxes on growth,
same as a Roth IRA.
These
types of retirement accounts follow the
same type of IRS limits as 401 (k)
retirement accounts, but only if it is the only
retirement plan your company offers.