Personal Finance Buzz

Are you self employed or a small business owner wondering what retirement plan would work best for you and your business? Take a look at this informative video guest post by Jeff Rose of Good Financial Cents.

As an employee of a company you only have access to the one retirement plan that is provided to you. If you’re self-employed or a small business owner you have more retirement plan options than just a traditional IRA or Roth IRA. The plan that best fits you will depend on your business plan, how much you want to contribute, how many employees you have or expect to have, and if you get income from a regular job.

What options do hands-on owner-operators have and which one is the best for you? If you have a small company and want a retirement program, you want to consider these plan choices.

You might already might be a small business owner or you might be just thinking of being self employed . If so, this is fantastic time. I say this because it’s inexpensive to borrow money right now if you need to borrow money to start your business. It’s also a great time because other small business owners are struggling. As a result, you might find yourself a real gem of a small business at a real bargain and finance it very inexpensively.

Liability Insurance for Small Business. When you own a small business, you have responsibility for your customers, staff and yourself. But you are also responsible for what happens when people use your product or service or step foot on your premises. Successful business owners understand this. When owners ignore this issue, they usually don’t stay business owners for long. So if you are interested in being self employed (or staying in business), this post is for you.

With a new wave of tax law changes taking place in 2010, it is easy to overlook an exciting new retirement plan option that exists for business owners and employees who belong to a company offering the DB(k). Let’s look at some of the ins and outs of these new plans to see if they may be a fit for you.

Running a small business is no easy feat. These money management tips can help you avoid the mistakes that force small business owners to shut their doors.