Empower Your Team: Choosing the Right Retirement Plan for Your Small Business with Employees

Small Business Tax Savings Podcast

Content provided by Mike Jesowshek, CPA, Mike Jesowshek, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mike Jesowshek, CPA, Mike Jesowshek, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

24d ago 23:22

MP3•Episode home

Fetch error

Hmmm there seems to be a problem fetching this series right now. Last successful fetch was on May 29, 2024 09:11 (3d ago)

What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.

Send us a Text Message.

Are you leveraging the latest tax credits to provide the best retirement plans for your employees?

Hosts Mike Jesowshek and guest Matt Ruttenberg discuss retirement plan options for businesses with employees. The conversation highlights various types of retirement plans like SEP IRAs, SIMPLE IRAs, Safe Harbor 401(k)s, and traditional 401(k)s. They explore the benefits of these plans, particularly in light of recent tax credits and laws that make setting up these plans more advantageous. The episode emphasizes the importance of understanding one's business needs and goals to choose the right plan, stressing the consultative approach to retirement planning.

Discover how simple adjustments to your retirement planning could save you thousands in taxes and benefit your entire team by tuning in!

[00:00 - 06:15] Overview of Retirement Plan Options

Mike introduces the topic of retirement plans for businesses with employees.
He encourages listeners to refer to previous episodes for foundational knowledge.
Matt details various retirement plans available, including SIMPLE and SEP IRAs, Safe Harbor, and traditional 401(k) plans.

[06:15 - 14:49] Deep Dive into Plan Features and Selection

Matt explains how businesses can select appropriate plans based on their priorities and business goals.
They discuss the role of tax credits in offsetting the costs of starting retirement plans.

[14:49 - 23:01] Final Thoughts and Listener Q&A

Matt and Mike address common misconceptions about the complexity and cost of setting up retirement plans.
They conclude with advice on consulting professionals to tailor retirement plans to specific business needs.

Direct Quotes:

"The vast amount of retirement plan options available should encourage every business owner to consider what's best for their situation." - Matt Ruttenberg

"Don't be afraid to reach out for help, as the right plan can significantly impact your business's and employees' futures." - Matt Ruttenberg

Connect with Matt Ruttenberg!

LinkedIn: https://www.linkedin.com/in/mattruttenberg/

______

Podcast Host: Mike Jesowshek, CPA - Founder and Host of Small Business Tax Savings Podcast

Join TaxElm: https://taxelm.com/

IncSight Packages (Full-Service): https://incsight.net/pricing/

Book an Initial Consultation (IncSight): https://app.simplymeet.me/o/incsight/sale

-------

Podcast Website: https://www.TaxSavingsPodcast.com

Facebook Group: https://www.facebook.com/groups/taxsavings/

YouTube: https://www.youtube.com/@TaxSavings

307 episodes

#Mike Jesowshek, CPA #CPA #Mike Jesowshek #Taxation #Business #Entrepreneur #Trading #Tax Savings #Tax Planning #Small Business #Tax #Business Owners #Small Business Tax Savings #Tax Minimization Strategies #Business Tax Deductions #Tax Tips For Small Businesses #Eliminating Taxes