Talking Retirement

Another Look at Small Business Employee Savings Options

USA Today has a nice article on dealing with the often-limited saving plans offered by small businesses, Small business employees have more retirement saving options than they think.

There are potential bright points in working for a small business, especially if you’re the owner and sole employee. In that case, you can open an Individual 401(k) plan and put away money as both and employee and an employer, putting away as much as $44,000 a year, more if you’re over 49. Of course many people won’t fall into that situation, and the article outlines options for those people as well.

There is also a good sidebar to the story that gives a few bullet points of the different plans that apply for the small business employee. Good stuff. Read the article.