As a business owner, you have an assortment of retirement options. These range from the straightforward, think an Individual or Simple 401 (k), to the more complex, such as a Money Purchase Plan or Profit Sharing. However, for many, the creme de la creme is a Roth IRA.
Why? Because not only is able to set and manage, it also comes with tax advantages. These are so favorable that a Roth IRA can help you save for retirement and build your wealth tax-free. But, before you you dump all of your savings into a Roth, you should familiarize yourself with it. After all, you want to get the most bang for your buck without getting penalized, right?…