Budget Snob

  • Home
  • About
  • Work With Me
  • Contact
  • Archives

Retirement for Small Biz Owners

September 29, 2010 by Daniel

Retirement plans for small business owners include Koegh, SEP-IRA, and a Simple IRA. These plans are offshoots of their typical 401(k) brethren. But have you heard of a cash-balance retirement plan? BankRate peeked inside these not so new retirement vehicles.

A cash-balance plan is a hybrid of a traditional pension plan and a defined contribution plan like a 401(k). The account grows annually in two ways: first, a contribution, and second, an interest credit, which is guaranteed rather than being dependent on the plan’s investment performance.

Unlike traditional retirement plans, the cash-balance plans are more complicated to setup and maintain. And, as a result, they cost more to jumpstart.… Read the rest

Filed Under: Career, Retirement Tagged With: financial planning, retirement, small business

Kicking Your Job to the Curb

July 29, 2010 by Daniel

Would you quit your job if you won the lottery? Duh, right? For those of us working on creating our own lottery (i.e. building our tiny, solo businesses), how do we know when it’s time to quit? Sierra Black from ChildWild, posting on GetRichSlowly attempts to answer the “when do I quit my job?” question:

How do you know when it’s time to quit your day job and go full force into your dream job? Sometimes the date is chosen for you. You’ve gotten into law school, or been hired as an English teacher abroad, and your new contract spells out the dates.

… Read the rest

Filed Under: Career, Happiness, Income, Make Money Tagged With: career, job, small business

Articles

  • Accounting Software
  • Budget Spreadsheets
  • Debt Elimination
  • Debt Free Living
  • Debt Management
  • Debt Reduction
  • Pay Off Debt
  • Roth IRA Conversion
  • Roth IRA Rules
  • Stock Newsletters
  • Budget Tips
  • More Budget Tips
  • Clear Debt From Your Life

Topics

Blogroll

  • Money Saving Ethics
  • So Over This

Recent Posts

  • Loans as Effective Financial Tools
  • Can’t Pay Your Bills? Here’s What to Do
  • Building Business Continuity into Your Start Up Operations
  • DIY Lifehacks
  • Building your Business Reputation

Copyright © 2021 · Agency Pro Theme on Genesis Framework · WordPress · Log in