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  • Member You - Three Easy Pension Plan Options for Small Businesses

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    You might even specially budget bonuses for yourself and for employees that get paid at year-end

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    Procrastinating about setting up a pension for your small business? Don't. Some easy options let you cheaply prepare for your retirement...and let you help employees, too.

    Easy Option #1: Don't Forget About A Regular Old IRA

    Here's the first thing to consider--even though it sounds like a wimp-out: Maybe you shouldn't setup a pension plan all at for your small business. Maybe you should just use an individual retirement account, or IRA, and encourage employees to do the same.

    You might even specially budget bonuses for yourself and for employees that get paid at year-end w

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    Everyone's got 'em. You likely see the "Nike swoosh" logo everywhere you go. And you know the Texaco station at the corner by its distinctive "star." So, you're thinking, "My company needs a logo, too." Maybe you want to design your own logo too.Why create a logo for your company?Because a logo:-- visually represents your company in a graphic form (a picture is worth a thousand words, remember?)-- instantly communicates your company's essence: what it does and what it stands for-- complements your com
    your retirement...and let you help employees, too.

    Easy Option #1: Don't Forget About A Regular Old IRA

    Here's the first thing to consider--even though it sounds like a wimp-out: Maybe you shouldn't setup a pension plan all at for your small business. Maybe you should just use an individual retirement account, or IRA, and encourage employees to do the same.

    You might even specially budget bonuses for yourself and for employees that get paid at year-end

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    Here's the first thing to consider--even though it sounds like a wimp-out: Maybe you shouldn't setup a pension plan all at for your small business. Maybe you should just use an individual retirement account, or IRA, and encourage employees to do the same.

    You might even specially budget bonuses for yourself and for employees that get paid at year-end

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    l at for your small business. Maybe you should just use an individual retirement account, or IRA, and encourage employees to do the same.

    You might even specially budget bonuses for yourself and for employees that get paid at year-end

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    to do the same.

    You might even specially budget bonuses for yourself and for employees that get paid at year-end when people may be thinking about tax deductions.

    In 2007, an individual can contribute up to $4,000 a year to either a traditional IRA or a Roth-IRA.

    That maybe doesn't seem very clever or sophisticated. But a $4,000 a year contribution grows to more than $600,000 (in real, adjusted for inflation value). That's enough to rather easily pay a $25,000 a year retirement benefit. Note that most workers will also get between $10,000 and $20,000 in social security benefits.

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