1. 210 POINTS
    Barry Goldwater
    Principal, Goldwater Financial Group, Boston
    The correct plan for your business is determined by a number of factors. Here are some of them;
    How many employees in the business? How many employees are family? Is the business profitable and do employees earn a good living? Do the owners want a maximum contribution plan for themselves. Are there key employees besides the owners? How old is the ownership and the employee population? And there are more questions; How profitable is the company and how long has it been profitable? And so on. So whether you put in place a 401k, profit sharing plan or defined benefit plan, these questions need to be answered.
    Answered on June 22, 2013
  2. Did you find these answers helpful?

Add Your Answer To This Question

You must be logged in to add your answer.

<< Previous Question
Questions Home
Next Question >>