As owner of the Law Offices of Barbara H. Katsos, Barbara Katsos works with New York, NY-based clients seeking help with estate planning and real estate matters. Through her firm’s website, Barbara Katsos has shared articles that cover legal topics of interest, including the importance of planning for retirement as a business owner.

1. WHAT RETIREMENT OPTIONS
ARE AVAILABLE TO SMALL
BUSINESS OWNERS?
Barbara Katsos

2. INTRODUCTION
• As owner of the Law Offices of Barbara H. Katsos, Barbara Katsos
works with New York, NY-based clients seeking help with estate
planning and real estate matters. Through her firm’s website,
Barbara Katsos has shared articles that cover legal topics of
interest, including the importance of planning for retirement as a
business owner.
The standard employee can choose between basic 401(k) and IRA
funds when planning for his or her retirement. When it comes to
small business owners, however, there are a number of options
that allow both them and their employees to save money for the
future.
Small business owners who work either alone or with only a
handful of employees should consider using a simplified
employee pension (SEP) IRA plan.

3. SMALL BUSINESS OWNERS
• This cost-free solution enables business owners to
contribute however much they can afford each year, with
equal amounts going to them and their workers. Though
employers must make all the contributions to a SEP IRA,
they can write off the total as business expenses on their
taxes.
The solo 401(k) is another option for business owners
looking to create a retirement fund for themselves. With
this solution, employers can make varied contribution
amounts to their retirement accounts each year. However,
one major caveat of the solo 401(k) is that it can be
difficult to set up, requiring far more paperwork than
other retirement options.