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Module 7d

Retirement and Estate Planning > Planning for a Secure Retirement > Module 7d

Module 7d: Comparison Chart

Fidelity Investments indicates that retirement plans for small business owners fall into two categories:

  1. Lower cost, less administration
  2. 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.

Follow-up:

  1. Would one of these plans be appropriate for your needs if you are self-employed?
  2. 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


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