As a CERTIFIED FINANCIAL PLANNER™ or CFP®, I highly encourage small business owners to establish retirement plans not only for the long-term financial security of themselves and their employees but also for the attractive benefits and tax incentives offered by the IRS. Thanks to the Secure Act 2.0 the IRS recently offers several tax incentives to small business owners who establish retirement plans. These include deductible contributions to the plan, potential tax credits for startup costs, and the ability to defer taxes on contributions and investment earnings until withdrawal during retirement. Tax credits are extremely valuable to small business owners. In addition, by offering these benefits small business owners will help retain key employees by investing in their future. As a CFP®, I reached out to all my small business owner clients and informed them of this new legislation and the benefits offered to them. It is a win win! Melissa Murphy Pavone, CFP ®, CDFA® Director - Investments Oppenheimer & Co. Inc. 11A Sunset Avenue Westhampton Beach, NY 11978 Phone: 631-288-7175 Fax: 631-288-7123 melissa.murphypavone@opco.com https://www.oppenheimer.com/breitergroup/ https://www.oppenheimer.com/advisor/ny/hauppauge/hauppauge-branch/melissa-murphypavone.aspx