SML Planning Minute

SML Planning Minute


The Micro(k)®: A “Next Level” Retirement Plan

June 15, 2021

For businesses that employ only owners and their spouses, the Pension Protection Act of 2006 extended an unparalleled opportunity to save significant sums in a tax-favored retirement plan. Conventional wisdom of the past few decades was to use a Simplified Employee Pension (SEP). Now there is another choice that may be far better: The Micro(k)® Plan.