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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75338  
Subject: Re: Retirement investment options for the self-e Date: 11/28/1999 8:36 AM
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Greetings, Scott, and welcome. You wrote:

<<I have a friend who runs her own business (she owns a small restaurant). Can someone point me to books or info on the web that would cover the details of my friend's retirement investing options? I think I read somewhere that people who aren't covered by an employer-sponsored plans play under different rules when it comes to IRAs and such.

I guess I should add that my friend has a few employees and is probably considered the owner of a small business instead of just "self-employed".>>


Your friend can have a run of the mill traditional IRA to a formal qualified retirement plan for all employees, but for the small employer the most popular are the SEP-IRA, SIMPLE and Keogh. You can read details on them in my Foolish Retirement Plan Primer at http://www.fool.com/Retirement/Retirement.htm . For a more detailed look, get IRS Publication 560 (Retirement Plans for Small Business) at http://www.irs.ustreas.gov/prod/forms_pubs/index.html.

Basically, the choice boils down to how much your friend can afford and how generous she wishes to be to the employees working in her firm. The choices aren't easy, and for the small proprietor can be quite expensive depending on what's chosen.

Regards..Pixy
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