I am 44 and own my practice with a partner. We have two mid level providers and 15 other employees. We currently have a profit sharing (Keough) plan which we have had for 13 years. We both put in the max each year - $53k this year, and we of course contribute 15% to all employees.
We are looking into other options, including a 401k. We would still like to be able to put away as much as possible obviously. If we did that, we would bump up the pay for employees since we wouldn't be contributing as much to their retirement.
I would love some advice and guidance on this. Also, if there at some good online resources or books where I could learn more. Thanks.
We are looking into other options, including a 401k. We would still like to be able to put away as much as possible obviously. If we did that, we would bump up the pay for employees since we wouldn't be contributing as much to their retirement.
I would love some advice and guidance on this. Also, if there at some good online resources or books where I could learn more. Thanks.
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