AARP, Dec. 19, 2022 — Marguerita Cheng, CFP® Pro, is featured in today’s article by Bruce Horovitz who writes, “With 2023 just days away, could there be a more confusing time for investors? On one hand, the discussion is all about the upcoming recession — but is there actually going to be one? On the other hand, the discussion is also about the inflation monster, which has seriously impacted all of our wallets. But are there signs that the monster is finally getting tamed, or is that just an illusion?”
Marguerita says: Create a business owner retirement plan
“More than 54 percent of America’s small business owners are age 50 and over, according to the Service Corps of Retired Executives. Those who are self-employed can still have access to a retirement plan although many don’t realize it. The benefit to them is additional savings for retirement and tax savings either today or in the future. For those who have employees, the options include Simple IRA, SEP IRA or 401(k).”
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