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Small Businesses Encouraged to Offer Retirement Plans

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Back in 2019 the government passed the Secure Act in an effort to incentivize small business owners to start offering retirement plans to their employees.  Because let’s face it, if you work for a small business, the odds are that you don’t have a retirement plan other than what you are putting away for yourself outside of your job.  Our next guest says once we get the pandemic in the rear view mirror, this should become a priority for small business America.

Mike Switzer interviews Peter Pigeon, a certified financial planner with Hobbs Group Advisors in Columbia, SC.

Secure Act tax credit info

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.