March 23, 2023

Did you Know? Retirement Plans can Benefit Employees AND the Business​

A Simple IRA plan or SEP IRA plan can provide a simplified way to contribute toward retirement.

Small businesses constantly face the challenge of attracting and retaining employees. And, when they don’t offer any retirement benefit, that challenge increases significantly.​ A Simple IRA plan or SEP IRA plan provides employees with a simplified way to contribute toward retirement. It can reduce taxes and, at the same time, help you attract and retain quality employees. 

The opportunity​

Most small business owners think the only option is a 401(k), which can be expensive and complicated to set up. Talk with them about the Simple IRA and SEP IRA, options provided by the IRS specifically for small businesses seeking a low-cost plan that’s easy to administer and maintain. Best of all, in both (Simple IRA and SEP IRA) plans’, employer contributions are tax deductible!​

Spotting the opportunity​

  • Businesses with less than 100 employees and where the business owner is willing to also contribute to the employees saving – The Simple IRA​
  • Sole proprietorships and very small businesses where the business owner is willing to be the sole funding source – The SEP IRA​

Plus, in states that require businesses to have a retirement saving plan, these are very cost effective options!​

Find a consumer-facing email and social media posts featuring this sales idea on our IRA Landing Page

 

Questions?
Contact the National Life Group Sales Desk at 800-906-3310, option 1