The Edge - Quarter 4, 2008 - (Page 32)

Choosing a Retirement Plan What type of retirement plan should you choose for you and your employees? There are so many options available today for retirement planning that it can be very difficult for business owners and executives to know which one is best for their company. To make an informed decision, you need to evaluate the various alternatives and their potential tax advantages. Define what your ultimate goal is in establishing the plan and how much or how little you can afford to – or are willing to – contribute as the employer. For example, is your most important goal to offer highly competitive benefits in order to attract and retain key employees, or is it to minimize your costs, or to encourage retirement in older staff? Once your goals and objectives are determined, it will be easier to decide which plan is best for your business. There are two broad types of employer-sponsored retirement plans: nonqualified and qualified. NONQUALIFIED RETIREMENT PLANS Nonqualified retirement plans are plans that do not meet the income tax qualification requirements of Internal 32

Table of Contents for the Digital Edition of The Edge - Quarter 4, 2008

The Edge - Quarter 4, 2008
The President’s Message
New Pool/Spa Federal Safety Act
Worried About the 2009 Market?
Treating Hot Water?
Project Focus
The 411 on UV Disinfection for Pools and Spas
The Advantages of Seeding Aggregate Surfaces
Pool and Spa Industry Wins Gold
Choosing a Retirement Plan
To Get Best Coverage at Lowest Cost - Shop Now
Index of Advertisers

The Edge - Quarter 4, 2008