The federal government established the 401(k) in 1981, and today it is one of the most popular mechanisms for employee retirement savings. Its special tax advantages provide an incentive for employees to set aside money for retirement—an important consideration in an age where company-funded pension programs are increasingly rare and exceedingly costly. In addition the government allows smaller employers the opportunity to offer qualified retirement plans through Simple (IRA) plans and SEP (Supplemental Employee Pension). Our agents will work with you to assemble a plan that meets the needs of your employees and your bottom line, and we'll help you with the implementation and ongoing administration of your plan.
If you are self-employed, it is crucial to plan appropriately for your future retirement. Contact a Bill C. Brown Associates agent to develop an investment strategy. Options for the self-employed include: