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Method Of Catching Up On Retirement Savings For Small-Business Owners

Saturday, December 1, 2012 - 7:07 AM
This New York Times Wealth Matters column describes an interesting way small-business owners can catch up on their retirement savings by using a defined-benefit plan. With such a plan, contributions of up to $255,000 are allowed. According to the article, owners can then deduct that money as a business expense, resulting in a significant tax savings.
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800