Defined benefit retirement plans for small businesses are often overlooked or misunderstood. We rarely see them accurately portrayed or even mentioned in the main stream media. Even the financial writer for the New York Times who wrote an article on the subject seemed surprised at their existence! The article discusses the pros and cons of defined benefit plans (mostly) correctly and describes where and how they can be useful. It’s a good summary and even better advertisement for what these plans can do for small business owners! If you want to discuss any particulars in more detail, call Independent Actuaries, Inc. at 503-520-0848.
Breaking news! Save for retirement in 10 years (or less)!
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