If you're a small business proprietor, you undoubtedly spend a lot of time thinking about how to help your establishment, whatever it might be, run smoothly on a daily basis. What you might not have spent a lot of time thinking about, though, is your personal financial future. It's easy to neglect your retirement planning in the midst of operating a business. This guide, however, will help you turn your focus in that direction, at least for a moment.


There are actually a lot of 401k options for small business owners available these days. You might, in fact, find yourself feeling rather overwhelmed by all the choices if you start doing research without the aid of a qualified financial advisor. As you read the remainder of this guide, you will learn more about how to find the right advisor to assist you in opening your new 401K small business account.


Consider the Reputations of Local Firms


The first thing you should do is research the kinds of reputations that all of your local financial advisory firms have. If you live in a small town, there are probably just two or three firms for you to look into. If, however, you reside in a metropolitan area, you'll have to decide how many advisory firms you'd like to cover before creating your shortlist.


The simplest way to find out what other people think about the companies you're considering for your new small business 401K plan is to read reviews on the world wide web. There are many consumer safety sites where people can share both positive and negative experiences they've had with different financial advisors. The more research you do, the easier it will be for you to find the right 401K small business advisor for your situation. For more details about small business, visit


Think About What Your Needs Are



Before your first meeting with your new financial services specialist, you should spend some time thinking about the needs you have for your new safe harbor match 401k plan. If, for instance, you'd like to combine it with other services, such as mutual fund investments, make sure you tell your advisor right away. You should also let him or her know exactly how much money you plan to offer to your employees as a 401K match. If you have an accounting department, you may need to ask the staff there to help you figure out how much you can afford to match.