SIMPLE retirement plans can help small business owners — American Funds

If you’re a small-business owner, you’re probably already investing in your retirement. But did you know that your small business can help with your retirement savings even more? A company retirement plan provides value to employees and business owners. Not only can these plans help you attract and retain quality employees, you can also invest more for your future while reducing your current taxable income. A SIMPLE IRA allows small business employees to save more toward retirement on a tax-deferred basis than they could on their own. To learn more, watch this informative video about Savings Incentive Match Plans for Employees (SIMPLE) IRAs.

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