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I generally agree with the good information in the last post, but I'd take a particular look at the SIMPLE IRA plan.
Basically, it would let your friend put away up to $6000 of salary, tax deferred; and have her business kick in 3% of her salary (on a $30,000 salary, put up to $6,000 into the IRA, have income tax on $24,000, and the business kicks in 3% of $30,000 - $900, for a total of $6,900.
Certainly this is a company plan, not a personal plan, but: it is restricted to FULL time employees, and can be further restricted to a certain length of service before eligibility. While Fools know to always take free money, if she has younger emoployees they are very likely to act very foolishly, and pass on this company benefit.


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