If you’re one of the many who have decided to put off retirement or you’re simply not quite there yet, Garner News offers a couple tips on how to prepare for retirement at the last minute.
If you have no employees other than your spouse or a partner, you can establish an “owner-only” 401(k), also known as an individual 401(k). This plan offers many of the same advantages of a traditional 401(k): a range of investment options, tax-deductible contributions and the opportunity for tax-deferred earnings growth. You may even be able to choose a Roth option for your 401(k), which allows you to make after-tax contributions that have the opportunity to grow tax free.
To read the full, original article click on this link: Not Yet Retired? - Business Opportunities Weblog
Author: Angela Shupe
