EPISODE · Nov 6, 2022 · 11 MIN
Qualified Retirement Plans Chaos For High Earning Business Owners!
from Building and Protecting Your Business Worth · host Thomas J. Perrone, CLU,CIC
Qualified Retirement Plans Chaos For High Earning Business Owners!It is very common for an employer to think in terms of a qualified retirement program when they think of saving money for their retirement. The idea to have one seems to make sense. Deductibility, tax deferred, business cash flow, and growth. Also, the accountant will normally jump on this idea, because it is another tax deduction. However, for the high income business owner, the qualified retirement plan can create chaos in retirement for the business owner for a number of reasons discussed in this podcast. Thomas J. Perrone, CLU,CIC, Pres. New England Consulting Group of Guilford, Inc. [email protected] 530 6615www.yourbusinessworth.comWebsite: www.bpbpgrp.com
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It is very common for an employer to think in terms of a qualified retirement program when they think of saving money for their retirement. The idea to have one seems to make sense. Deductibility, tax deferred, business cash flow, and growth. Also, the accountant will normally jump on this idea, because it is another tax deduction.
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Qualified Retirement Plans Chaos For High Earning Business Owners!
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