Module 7d: Comparison Chart
Fidelity Investments indicates that retirement plans for small business owners fall into two categories:
- Lower cost, less administration
- Higher cost, more administration
Reading up on and comparing SEP-IRAs, Keogh plans, SIMPLE-IRAs, and 401(k)s can be beneficial in helping business owners decide which type of plan suits them best.
- Would one of these plans be appropriate for your needs if you are self-employed?
- If none of these plans are appropriate for your needs, have you considered an Individual Retirement Account? If you want to learn more about an IRA, go to Module 8.
Module 7 - Module 7a | Module 7b | Module 7c | Module 7d