Experts estimate that Americans will need 70 to 90 percent of their pre-retirement income to maintain their current standard of living when they stop working. Now is the time to look into retirement plan programs. By starting a retirement savings plan, you will help your employees save for the future. Retirement plans may also help you attract and retain qualified employees, and they offer tax savings to your business. You will help secure your own retirement as well. You can establish a plan even if you are self-employed.
In this class we will-
1. Describe various retirement plan options available for small business owners.
2. Understand the advantages of each retirement plan.
Mr. Gary Gray is a Benefits Advisor at the United States Department of Labor, Employee Benefit Security Administration (EBSA). Gary advises plan participants, plan sponsors and service providers on a wide range of health and retirement plan issues.
Before joining EBSA, Gary served in the US Navy, worked for a national insurance carrier and worked in ERISA compliance for third-party administrator and an insurance broker where he advised employers on COBRA, HIPAA, the Affordable Care Act and other health care laws. In addition to his ERISA experience, Gary has worked as a pro bono immigration attorney. Gary graduated from Portland State University and Willamette University College of Law and is a member of the Washington State Bar.