Are you wondering if you should get a retirement plan or not? If you are I would highly suggest that you get one there are many benefits that will come from retirement planning. A retirement plan has lots of benefits for you, your business, and your employees. Many people tend to get a 401(k) which can be very beneficial for your retirement plan. What is a 401(k)? 401(k)s are named after International Revenu Code. 401(k)s are employer sponsored devine contribute plans that give workers tax advantages as a way to save for retirement. If you are offered a 401(k) you can offer a percentage of your income to your plan that will come directly from your paycheck and you can deduct them on taxes. This can also add other investment options that can be very beneficial for your retirement plan. 401(k)s offer so many benefits such as tax break, high contribution limits, shelter from creditors, employer match, and contributions after the age of 72. What are the benefits of setting up a retirement plan for a business? If you own a business there are many benefits you can receive from a retirement plan. Some of these benefits include Employer contributes to tax deduction, assets in the plan grow free tax, plan options are flexible, and retirement plans will attract good employees that will stay. This last benefit is huge. By keeping employees for a long time it will reduce the new employee training cost. It is also great to have employees for a long time. You employees know how to run your business perfectly. You will want them to stay as long as possible. Having a retirement play is very enticing for an employee. Employees need a retirement plan. Without it employees would have to work past the traditional retirement age. Retirement plans are intended to provide you with income when you stop working and are extremely valuable assets. If you have employees that you want to keep for a long time I would suggest that you get a retirement plan for your employees. As an employee this is such a nice part of their job. Knowing that they have a retirement plan they can trust. The benefits of getting a retirement plan are endless. Here at The Ryding Company we are always ready to help. Our 3 16 Fiduciary are happy and ready to help. Getting a retirement plan is in your best interest and it comes with countless benefits. Don’t miss out on all of the benefits and give us a call today.