Retirement plan for small business
As a small-business owner, you’re probably used to handling a lot of responsibility—everything from drawing up detailed business plans to creating a budget. So it should come as no surprise that funding your retirement will likely fall on your shoulders.
But what type of retirement plan is the right fit for your business? There are several types to choose from and the options can be confusing. For example, some small-business retirement plans are better for sole proprietors, while others may be more appropriate for businesses with up to 100 employees.
“Many small-business owners say they want to set up a 401(k) plan because that is the plan they are most familiar with.” However, after reviewing their situation, most small-business owners often conclude that perhaps another plan would be more beneficial to their circumstance.
TheBizCash has one type of retirement plan that small-business owners should consider.
This is your opportunity to become a partner with TheBizCash, to lend money to other merchants and to earn thousands of dollars on your investment.
Merchants can now invest a portion of the term loan proceeds and partner with us in loaning that money as MCA to another merchant. Now earning them an annual minimum of 20% compounded interest.
For example, if you start an investment with $50,000 (portion of the loan), you will receive a net benefit of $336,375 in 10 years. You can start planning for your retirement with $336,375.