A Financial plan for Jonathan

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Business Finance

Description

Write a 750- to 1,050-word paper on the following scenario:

Jonathan owns and operates a deli restaurant in New York City. It is a family business and all of the employees are family members. Jonathan wants to establish a retirement plan so he can save for retirement and the retirement of his employees on a tax deferred basis. Jonathan only wants to contribute to the plan when the business makes a profit. He is happy to contribute on behalf of his employees if the business is doing well. He wants to limit administrative fees. You have been hired to recommend a plan for Jonathan.

Complete the following:

  • Apply the financial planning concepts we have learned in this course to guide Jonathan on the fiscal planning he must do to determine when it would be appropriate to make retirement contributions for himself and his employees.
  • Evaluate the different retirement plans available to Jonathan and recommend appropriate choices.
  • Examine the risks associated with your recommendation and the ways Jonathan can mitigate these.

This paper must be APA formattted.

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Explanation & Answer

Attached.

Running Head: FINANCIAL PLAN FOR JONATHAN

Financial Plan for Jonathan
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FINANCIAL PLAN FOR JONATHAN

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Introduction
Millions of employees work to earn a salary. The money is usually used to cover their
various bills. However, there is a need to set aside money in a retirement plan. The cash
accumulates into a significant amount that may be paid as a lump sum when one becomes
old. This has not only made both the employees and employers keen on the various
retirement plans. These usually have multiple characteristics that set them apart from the rest.
This paper evaluates the retirement plan that Jonathan can use in his company.
Jonathan can apply several financial planning techniques that can aid in the retirement
and pensions. Budgeting is an essential tool that the business can use to estimate the various
expenses and costs in the business. The firm can use records to determine the future
retirement costs for a particular fiscal year. This will enable the company to set aside the
amou...


Anonymous
Very useful material for studying!

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