
Teaching small businesses how to create retirement funds
Volunteers from the Aiken office of SCORE (Service Corps of Retired Executives) recently held a workshop to teach small businesses how to create retirement plans ranging from simple to sophisticated. Led by Will Rogers and Damon Cline of Confident Life Wealth Management at Ameriprise Financial Services, LLC., the workshop looked at differences between defined-contribution plans and defined-benefit plans. Cline said there are two basic plans businesses can consider, a Simple Employee Pension (SEP) plan or a Savings Incentive Match Plan for Employees (SIMPLE) IRA. “These SEP plans are fully employer-funded,

