Maximizing Retirement Savings with Profit Sharing Plans for Solopreneurs

Profit sharing plans can be a powerful tool for solopreneurs seeking to maximize their retirement savings. In this article, we’ll discuss the benefits of profit sharing plans and how they can work for you as a solopreneur.

What is a Profit Sharing Plan? A profit sharing plan is a type of retirement plan that allows employers to make discretionary contributions to their employees’ retirement accounts based on the company’s profits. This type of plan offers flexibility, as contributions can vary from year to…