What is the most tax-efficient retirement plan if you have a business? When tax planning for retirement, there are many things you need to consider.
The goal of tax planning for retirement is to minimize the taxes you pay now, so your money can grow without being eaten away by taxes.
You might even be asking: How do I even begin selecting the right plan?
There are so many plans to choose from…
- 401(k)s
- SIMPLE plans
- SEP IRAs
- Roth IRAs
- Pensions
- ESOPs
- Stock bonus plans
- Profit-sharing plans
- Executive bonus plans
- Real Estate
- Life Insurance
The list goes on and on.
So, which is best?
The answer depends on your business and goals, but some plans are better based on the size of your business.
Tax Planning for Retirement
Would you like to discuss which retirement plan might be best for your business? It could save you money on taxes!
Let’s talk: schedule a time here.
We’re a team of tax and financial professionals with decades of experience in helping people plan for retirement. We advise you on your best strategies for maximizing retirement income, taking advantage of tax savings, and choosing the best investment vehicles to meet your goals.