Running a business requires a lot of responsibility. Business owners have to make tough decisions, big and small, just to keep the company afloat, and sometimes, entrepreneurs are so caught up in keeping their business in the black that they tend to forget preparing for their own retirement.
Yes, business owners retire too, and they don’t have employers to offer them a 401(k) that will help them secure their financial future. Whatever long-term planning is there, they have to do it themselves. The problem is, most of them are just too busy to find time to shop for and draw up retirement plans for business owners. There are even surveys saying that some entrepreneurs actually avoid talking about it, since all they have in mind is generating revenues for their business, and they say they cannot even generate enough of it to think about saving up for their retirement.
While the reasonsfor putting off getting business retirement plans ready is understandable, there’s no getting around the fact that a business owner like you really needs to secure your future. You need to be able to take what you can get because as you get older, your needs are going to grow as well.
At Bennett and Porter, it is our mission toprovide people with the best retirement solutions, including business owners. We will guide you through the top retirement plans for business owners and help you choose the best fit for you, whether it’s a Simple 401(k), a Simple IRA, or the Roth IRA.
Call us today at 480-212-1150 today and let one of our Certified Financial Planners help you plan your financial future.