
When your goal is running a profitable company, retirement planning can be an afterthought. Without time and resources to spend on personal retirement planning, many business owners rely on their business alone to provide a comfortable retirement.
It doesn't have to be that way. Taking a few simple steps today can greatly ease the challenge of preparing for the day when you no longer have a business to run.
If you're a business owner looking to put away a considerable amount of money for retirement, on a tax advantaged basis, a fully-insured plan might be the ideal solution.
A fully-insured plan is a defined benefit retirement plan that may allow a higher contribution, on a tax-deferred basis, than any other retirement program available today-possibly more than a 401(k), a profit-sharing, or a traditional defined benefit plan.
A fully-insured plan is funded with an annuity or combination of life insurance and annuity contracts, which are fully guaranteed by a life insurance company.