
Top Reasons to Own Life Insurance
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How did consumers respond when asked why they owned life insurance?
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How did consumers respond when asked why they owned life insurance?

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Learn the contribution limits for IRAs and employer-sponsored retirement plans.

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As a small business owner, you're probably interested in finding ways to save for retirement. You may also be concerned about attracting and retaining qualified employees. You may be able to pursue both of these goals by establishing a savings incentive match plan for employees (SIMPLE) 401(k) plan. A SIMPLE 401(k) is a retirement plan for certain self-employed persons and small businesses. To qualify, you can't maintain another employer-sponsored retirement plan and must have no more than 100 employees who were employed in the past year and who earned at least $5,000. A SIMPLE 401(k) plan is structured as a 401(k) cash or deferred arrangement. The SIMPLE 401(k) plan was created in conjunction with the SIMPLE IRA, so these plans share certain characteristics.

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If you want to diversify your investment portfolio beyond a mix of stocks, bonds, short-term cash investments, and savings accounts tailored to your investment goals and risk tolerance, you can consider other investment alternatives. For example, you can purchase options, which are rights to buy or

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