Skip to main content
No. of Recommendations: 0
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 . For a more detailed look, get IRS Publication 560 (Retirement Plans for Small Business) at

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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.