Spring has sprung. I love the flowers budding, birds chirping…and the new beginnings for our businesses as we see the possibilities for the upcoming year.
If you’re a business owner, consider what possibilities an employer-sponsored retirement plan will bring to you: your plan can attract and retain employees; your contributions can be tax-deductible to your business; you and your key employees can benefit along with all your employees.
If you’re an employee, there are possibilities for you, too: you may not have to pay taxes on what your employer contributes to your retirement plan; your investments can be professionally managed; payroll deductions make it easy for your contributions to be transferred directly to your retirement account; your contributions can be made pre-tax, so you defer taxes for your retirement days when your income is generally lower.
As employee-sponsored retirement plans offer tax benefits to both employers and employees, they’re regulated and closely monitored by the IRS. See your financial advisor, CPA or attorney to discuss your retirement planning. Then, contact our plan administration experts at SMI Pensions. We’ll help you design and implement a retirement plan that will be a fit for you and your employees: 401(k), profit sharing or a traditional pension plan.
Join us as we spring into a year of new beginnings…and spring into retirement planning for the future! As author Maria Robinson said, “Nobody can go back and start a new beginning, but anyone can start today and make a new ending.”