Maximize Profit With Qualified Retirement Plan for Business Owners
Description
Do you think retirement plans are only for large corporations? I debunked this myth with Bill Black from Pension Specialists in the recent episode of the Profitable Home Services Podcast. We discussed how small businesses can significantly benefit from these plans. A qualified plan allows for income tax deduction and offers tax-exempt growth.
In this episode, Bill and I discuss:
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Qualified retirement plans for small businesses
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Debunking the misconception that qualified plans are only for large corporations
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Types of businesses that can benefit from qualified plans
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Custom-designed plans vs. one-size-fits-all options
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State-mandated retirement plans for small businesses
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Drawbacks of state-mandated plans
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Common myths and misconceptions about retirement plans for small business owners
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Maximizing benefits for business owners while providing incentives for employees
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Process of setting up a pension plan
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Benefits of a qualified retirement plan in saving on income taxes
Listen to all episodes at https://profitablehomeservices.com/
Get a free copy of the Path To Profits Book at https://yourpathtoprofitsbook.com
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