Last Minute Small Business Pension Plans

Last minute pension plans for successful small business owners are a cinch with Freedom Benefits online ordering system and flat fee policy. Pension plans can be established in one business day until December 31 for only $150 with no ongoing charges, asset fees or commissions.

(PRWEB) December 24, 2004

The last week of December is a busy time for successful small business owners and their pension advisers. The tax laws says that small business owners and self-employed individuals can shelter up to 100% of their income from taxes in a pension plan, but only if they formally establish the plan before December 31 of the same tax year. Other types of retirement plans have more lenient setup schedules but allow for lower tax deductions. Pension plans are more attractive to owners over age 40 who want to shelter more than $40,000 of current income while other types of retirement plans are more popular with younger business owners making smaller contributions.

Freedom Benefits (http://www.FreedomBenefits.org) offers a simple, fast and inexpensive way for a business owner or self-employed person to lock in their tax planning options before year end, while allowing several more months (until the April 15 tax filing deadline) to actually make investments in the pension plan.

The requirements for the business owner are to establish a plan document and open an account in the name of the new pension with the bank or investment company of your choice. These simple pension plans designed for small firms are usually self-administered and all the investments are usually self-directed by the business owner. While any investment may be used, no-load investments held by Vanguard Group and Ameritrade are the most popular choices.

Last minute requests can be handled until noon on Friday December 31 with Freedom Benefits online order system. The fee is $150 and discounts are available to some business association members. There are no commissions, asset fees or termination charges. The fee includes the personal assistance of an experienced pension adviser to help with the plan setup. Business owners may wish to retain the pension plan adviser for future tax or financial advice but there is no obligation for further service.

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