Ed started his business a year ago and has two employees. He has been steadily increasing his revenues and feels comfortable offering a retirement benefit plan for him and his two employees.

Read the following scenario:

Ed started his business a year ago and has two employees. He has been steadily increasing his revenues and feels comfortable offering a retirement benefit plan for him and his two employees. His employees wish to make voluntary contributions. Ed is concerned about future cash flows in the event of a business downturn, as well as growing pains that may accompany future expansion. Ed has asked you to recommend a retirement plan for his business.

Develop a recommendation for Ed among SIMPLE, Keogh, SEP and Money Purchase/Targeted Plan in 525 to 700 words. 

Defend your choice.

Submit your assignment.