Originally Posted by
Kaslo
So my office is looking to create a retirement program for our employees/owners. Don't really know a lot about options for these types of programs, and we have a unique business structure.
Effectively, as a law firm that takes on some large contingency cases, we sometimes have large swatches of income from settlements that gets passed through to the partners, with some bonus to paralegals. Other than that income, we are largely a regular business where the owners have a guaranteed distribution that is similar to a salary, and regular employees are salaried. Then at the end of the year we may make a distribution of excess income to the owners.
We are trying to figure out what type of retirement program will make the most sense for our structure.
Additionally, I'm trying to figure out what to do with my own savings (that is sitting in checking and money market accounts) to invest it at its best potential.
Anyone have any opinions on what we and I should do and why?