Retirement, succession plans: 'Must haves' for business owners

If you own a business, you may well follow a “do it now” philosophy – which is, of course, necessary to keep things running smoothly. Still, you also need to think about tomorrow – which means you’ll want to take action on your own retirement and business succession plans.

Fortunately, you’ve got some attractive options in these areas. For example, you could choose a retirement plan that offers at least two key advantages: potential tax-deferred earnings and a wide array of investment options. Plus, some retirement plans allow you to make tax-deductible contributions.

In selecting a retirement...