New Rules for Retirement Plans

What the 2006 Pension Reform Act guidelines, which went into effect on Jan. 1, mean for small-business owners and their employees

I own a small S-corporation and I would like to set up a retirement plan for myself and perhaps eventually for any future employees. I am married, filing jointly, and we have about $200,000 in annual income—the majority of which comes from my spouse's job. What are my options for opening an IRA or 401(k) plan through my business? I'm very confused about the new laws.

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