Business Retirement Plans - Financial Planner Conroe TX | Starr Financial

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Starr Financial understands the challenges small businesses face and offers solutions to meet them in today's increasingly complex environment.

Recognizing the impact that small businesses have on jobs growth, Congress has supported many retirement plans tailored to the specific needs of small businesses. These plans, which include SIMPLE IRAs, SEP IRAs, Individual 401(k)s, and Profit-Sharing Plans, may be suitable for small businesses looking for low cost, minimal government regulation, and/or relief from having to contribute to a retirement plan every year.

Retirement plans have the following benefits:

  • Offer efficient ways to shelter personal and business income from current taxes
  • Allow employees to take advantage of tax-deferred investment earnings to accelerate the growth of retirement savings
  • Offer tax relief for business owners. Since employer contributions to a retirement plan are tax deductible, sponsoring a plan gives your business an immediate tax break
  • Provide the caliber of benefit to attract, hire, and retain quality employees. Workers these days expect an employer to offer a retirement plan—a surprisingly low-cost, simple way to add a major incentive to your benefits package.

Starr Financial can help small businesses, generally those with 100 or fewer employees, determine which retirement plan may be right for them.