SBA Report - Entrepreneurs use of retirement accounts very low

SBA Report - Entrepreneurs use of retirement accounts very low

A report by the SBA's Office of Advocacy found that less than 2% of business owners had a Keogh (self-employed) plan and only 18% participated in 401(k) plans.

The report also found that business owners are more likely to have a retirement account if they are older, non-minority, education, and have an established business or more than one business.

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Lynn M. Miller, LMA, LLC
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