Retirement saving basics for small businesses

Most working people today say that they expect to continue working past age 65. Yet the real world statistics tell a different story. At least half of us end our working career sooner than we expected, usually for medical reasons.

My two related comments to small business owners are:

1. It is simple and inexpensive to set up a minimalistic retirement plan so that everyone is saving at least a little bit. Even a contribution of 3% of pay adds up to an important source of financial security over time.
2. It is not expensive to insure those retirement plan contributions so that in the event of premature retirement, the savings that were planned continue to accrue anyway.

I am happy to speak about setting up a small business 401(k) using any of the wide range or design options.