SEP IRA Strategies for Small Business Owners BY: Mahendra S. Rathore. MBA BA(Hons) CFP® ChFC® CRPC® PMP® CTC® CLU® There are 28.8 million small businesses in the United States, according to the U.S. Small Business Administration, which employ 56.8 million workers. Small businesses (defined as businesses with fewer than 500 employees) account for 99.7% of all business in the US. Today more than 15% of workforce is comprised of free lancers and temporary workers. And thanks to improved technology that makes it easier for us to work remotely, that number is expected to surge up to 20% by 2020. Imbedded in these figures is the fact that more and more workers are “Self-employed”, and responsible for their own retirement savings. According to a recent survey by Manta, 34 percent of entrepreneurs polled said they did not have a retirement savings plan. So how do we help them with their retirement goals? Gallup polls suggests that the majority of small business owners will d
Posts
Showing posts from November, 2020