Being a small business owner, working for a small business owner, or even being self-employed certainly has its perks, but there is also more of a thought process behind benefits like medical coverage, for instance, or more specifically, in our case, retirement plans.

In fact, when it comes to small businesses, putting money away for retirement is even more crucial because you don’t have access to your typical 401k plans. You’re pretty much on your own.

The good news? There are quite a few options to explore. Some are wonderful and others, eh, not the greatest, but that’s what we’re here for.

In today’s episode, we will discuss all the options out there, ranging from the simplest to the most complex plans.

Our discussion will include:

  • A breakdown of each plan – you know what’s included, how to get started, maximum contributions, etc.
  • Scenarios about who would benefit each type of plan.
  • The factors the need to consider when choosing an option and getting set up
  • Plus, we’ll talk a bit about asset investing too.

Saving for retirement is super important, and we want to help you get it right. So grab our Know Your Possibilities Guide, find a quiet spot, and hit the play button. It’s time to get your small business retirement plan in check. Catch you in podcast land!

P.S. Looking to meet with Richard or Angela? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Scheduled free 30-minute session and find the peace of mind you deserve for the rest of your life.

Did you mention “Guide” above? Why yes, yes we did. We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button and follow along. You’re just minutes away from discovering your next Place of Possibility.

A Glance at this Episode:

3:11 – Let’s start with the simple plans that are available like the Simplified Employee Pension, the Simple IRA, etc. If you’re looking for easy, start here.

8:00 – This plan is a little older and not the best option. If your advisor is using or recommending, definitely look at some other options.

10:38 – Hey, hey, we know this one. Why hello 401k, old friend.

12:41 – Did you know THIS about 401ks? There’s an opportunity to add more money! Press play now!

17:09 – Start listening here if you want to dig into some excellent plans, you know, like the Defined Benefit or Cash Balance Plans.

22:40 – Great, so these are all of my options. What do I do now? How do I pick?

25:24 – Quick Q&A, how do I invest my 401k assets?


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Alamo, CA neighbors and beyond it’s time to discover your Place of Possibility™ today. Our goal is to address every aspect of your life, defining a clear and actionable plan that meets your lifestyle needs. So, whether we’re holding your hand or taking more of the reins for you while you do life, you can rest assured that your money is growing and working for you while you enjoy it. Who knew?! Sound like something you’re struggling with or need more of? Get in touch to schedule a free 30-minute consultation, and let’s get started! You can contact us in a few different ways. One, by calling at 925.736.6410, you can send us an email at or jump right into our calendar and select a date and time that works for you. We’re excited to meet with you!

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