Retirement basics

Small business owner needs to pay attention to the most powerful employee and employer benefit 401K investment 

1. The amount you can invest tax free and larger amount from company expenses as a write off

2. Even single owner without other employee can get a single case 401K

3. Your employees have up to 7 years to start getting the benefit and every year they only earn 1/7 of your total profit sharing as their benefit

4. Owner can be heavily invested more than employees as company write offs

5. All employees who leaves the company early will not get the full benefit unless they worked 7 plus 1 years.  You do not give benefit to first year empllyee