A. Nowadays, fewer and fewer employers offer pension to employees, but a fully insured pension plan might be the best retirement planning vehicle for someone who fits the following profile:
- Age 50 above
- A small business owner
- Has not many employees (ideally all younger than the owner)
- Would like to increase tax-deductible retirement savings
- Would like to diversify retirement portfolio by increasing "safe money" assets
- Has stable income
In our next blog post, we will discuss why a Fully Insured Pension Plan might be a perfect solution for a small business owner who fits the above profile.