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New York - The Department of Labor's Pension and Welfare Benefits Administration offers a web site that provides small business owners with answers to a variety of commonly asked questions about retirement savings plan options. Using an interactive form, business owners answer a series of questions about their business and what their goals are in creating a retirement plan. The site responds with a list of possible options to help business owners determine the program that is most appropriate for business.

The site also includes a retirement savings program comparison chart that looks at key advantages of each program, employer limitations and responsible, funding responsibility, maximum annual contributions, vesting and other issues. The chart also features a links to necessary IRS forms to begin. Click here to go to the site.

If you are new business owner and feeling overwhelmed by the thousand of options available  - an independent Fee-Only financial adviser can help you get started.

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The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.

 

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Business owners have specific tax planning issues.

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