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Small Business Retirement Planner in Richmond, VA

Fiduciary & fee-only guidance for owners and teams—tailored, tax-savvy, and easy to run.

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Why Plan for Retirement as a Small Business Owner?

The right plan can secure your future, deliver powerful tax benefits, and help you attract and retain great employees. We simplify the options and guide you to the best fit for your business.

Tax Savings

Deduct contributions and defer or avoid taxes on growth.

Secure Future

Build a meaningful nest egg for long-term independence.

Attract Talent

Offer competitive benefits to stand out and retain your team.

Fiduciary, Fee-Only Advice

We are fiduciaries—legally and ethically bound to act in your best interest—and fee-only, so our compensation comes only from you. We commonly implement plans with Charles Schwab as custodian for robust, cost-effective options.

Explore Your Retirement Plan Options

Solo 401(k) & Solo Roth 401(k)

Best for: Sole proprietors with no employees (other than a spouse) or partners in a partnership.

Contribute as both “employee” (salary deferral) and “employer” (profit sharing), enabling high totals. A Roth option allows after-tax contributions with tax-free qualified distributions.

Employee Salary Deferral Limits:

  • 2024: $23,000 (or $30,500 if age 50+)
  • 2025: $23,500 (or $31,000 if age 50+) (ages 60–63 may have higher catch-ups if plan permits)

Total (Employee + Employer):

  • 2024: up to $69,000 (or $76,500 if age 50+)
  • 2025: up to $70,000 (or $77,500 if age 50+)
  • Employer portion: generally up to 25% of W-2 comp or ~20% of net self-employment income.
Discuss Solo 401(k)

SEP IRA (Simplified Employee Pension)

Best for: Self-employed and small businesses seeking a simple plan with high employer contributions.

Only employers contribute (to IRAs for the owner and any eligible employees). Contributions are flexible year-to-year.

Employer Contribution Limits:

  • Lesser of 25% of compensation (or ~20% of net self-employment income) OR:
  • 2024: $69,000 maximum (comp limit $345,000)
  • 2025: $70,000 maximum (comp limit $350,000)
Explore SEP IRA

SIMPLE IRA (Savings Incentive Match Plan for Employees)

Best for: Employers with ≤100 employees who want low administrative burden.

Employees defer salary; employers must match up to 3% or contribute 2% nonelective for all eligible employees.

Employee Deferral Limits:

  • 2024: $16,000 (or $19,500 if age 50+)
  • 2025: $16,500 (or $20,000 if age 50+) (ages 60–63 may have higher catch-ups if plan permits)
Learn About SIMPLE IRA

Ready to Secure Your Financial Future?

Choosing the right plan is a big step. Get fiduciary, fee-only guidance that puts your interests first.

Book Your Complimentary Consultation

Prefer to call? (804) 683-8479