There is not a single politician that will admit that Social Security will run out of money sooner rather than later. Likewise, there is not a single politician that wants to raise taxes to save it. Their option? Require small business owners like yourself to provide retirement plans to your employees.
Most states are rolling out programs similar to a 401k. These tend to have management fees ranging from .5% to 1.2% in addition to annual administrative fees. This is not to mention the penalties and fines for not providing a retirement plan. Some states are requiring small business employers to provide retirement plans even if they have 2 employees!
What most state-run programs do NOT communicate is that you have options. You are NOT required to participate in the state run program!
You can be in compliance with this mandate as long as you offer a retirement plan - of YOUR choice - to your employees.
Also, there are federal tax deductions and federal tax credits available to you for selecting your own plan. These deductions and credits are not available to you if you opt for the state program.
Creating your own retirement program does NOT have to be difficult, time consuming, or costly. In fact, Retirement Roadmap Experts has an entire team available to help you determine which plan is best for you, which tax credits and deductions you will qualify for, and if there is room to provide additional tax benefits for your own personal retirement strategy!
We also have plans that you can get started with that have absolutely NO FEES.
Remember - you are being MANDATED to roll out a retirement plan. Isn't it better to decide FOR YOURSELF which one suits you and your employees the best?
What are you waiting for ? Let's schedule a time to talk today!