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Products March 15, 2008
New Firm Enters Individual 401(k) Market
A new firm that focuses on the entrepreneurial company’s need for impartial advice on retirement planning has entered the market.
Reported by Rebecca Moore
In a news release, 401K Bootstrap says its goal is to help the entrepreneur make rational business decisions in using a retirement plan to bootstrap his business to success. 401K Bootstrap will help the entrepreneur evaluate the risks and potential of using retirement funds to fund the business, the news release said. In addition, 401K Bootstrap will model the regular 401(k) and Roth 401(k) options to let the owner select the plan best for his unique situation.
The firm’s mission is to give the small business owner the information needed to make an informed business decision in selecting the best retirement plan for the company. The concept of the firm was born when it was discovered that good information for retirement plans for the small company is hard to find. In its research the company found inaccurate, misleading, outdated, and missing information about the SOLO 401(k) plan.
The firm explains that the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) established a plan for small business owners, the SOLO 401(k) plan, and the company owner can use the plan to save substantial sums for retirement, manage net income, attract employees, and use retirement funds as part of capital investment.
401K Bootstrap does not provide tax, legal, or investment advice and does not provide actuarial evaluations for defined benefit pension plans.
For additional information, contact Gary Canant at 913-548-7263 or go to http://401kbootstrap.com/.