Ep #118: 401(k) for Business Owners Explained: Traditional vs Safe Harbor, Contribution Limits, and Common Myths
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Are you a business owner looking to build wealth and lower your tax bill? In this episode, we break down everything you need to know about setting up a 401(k) retirement plan for small businesses including how to choose between a Traditional 401(k) and Safe Harbor 401(k).
You'll learn how to leverage the 2025 contribution limits, automate your savings strategy, and avoid costly mistakes with the help of a Third-Party Administrator (TPA).
Key Topics Covered:
Common myths about 401(k) plans for entrepreneurs and small business owners
Safe Harbor 401(k) vs Traditional 401(k): pros, cons, and compliance differences
2025 401(k) contribution limits and how to maximize them
The role of TPAs in managing and optimizing your plan
How to automate your retirement investing strategy
Whether you're a solo entrepreneur or have a growing team, this episode is your guide to creating a tax-advantaged retirement plan that helps secure your financial future without relying solely on selling your business.
118 episodes