Comparing and contrasting retirement plans for business owners

For a business owner choosing a retirement plan, it’s kinda like those compare and contrast essay questions on college exams. Except this time, it’s real life and a lot more complicated than the venn diagram pictured above.

Fortunately, our friend Denise Appleby at her Appleby Retirement Dictionary has provided a handy and comprehensive chart comparing and contrasting the basic features and benefits of:

  • SEP IRA
  • SIMPLE IRA
  • Solo-k/Individual-k
  • Traditional 401(k)
  • Money Purchase
  • Profit Sharing
  • Defined Benefit

Here is a link to Denise’s Retirement Plans Comparison Chart for Small Business-2010 Plan Year.


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