09.28.2023 - Retirement Plans
Which Type of Retirement Plan is Best for a Business Owner
Presented by Scott Cloud, MPA, CPC, The Retirement Plan Company
During this presentation, Scott Cloud, MBA, CPC of The Retirement Plan Company, LLC (TRPC) discussed several different types of plans from which business owners can choose to enable themselves and their employees to save for retirement. The type of plan that is most appropriate for a business depends on a number of factors, including: how the business is structured for tax purposes, how much the owner(s) wish(es) to save, whether the business has employees, and whether the retirement plan is important to employee recruiting and retention.
Attendees Comments:
"New Ideas" Learned According to Webinar Attendees:
"Scott provided a wealth of information on the relevant business owner retirement plans. Information was well presented and questions were clearly elaborated. The SECURE 2.0 Act start-up costs are a significant benefit to consider for past and future plans."
"Seeing the contribution numbers for cash balance plans was a great reminder."
"I learned that profiles can be created and plans can be assigned to those that fit into certain profiles."
"New Ideas" Learned According to Webinar Attendees:
"Scott provided a wealth of information on the relevant business owner retirement plans. Information was well presented and questions were clearly elaborated. The SECURE 2.0 Act start-up costs are a significant benefit to consider for past and future plans."
"Seeing the contribution numbers for cash balance plans was a great reminder."
"I learned that profiles can be created and plans can be assigned to those that fit into certain profiles."