Business Owners: Simple and Financially Smart Retirement Steps

Last time I told you that one in three small business owners don’t have a retirement plan.  These business owners have no idea how they will survive when they retire. Don’t be one of them.

Everyone (not just business owners) needs a solid retirement plan. Getting started is easy. Here are a few quick steps you can take immediately.

1. Face the fact of retirement.
You will retire. You will be responsible for the comfort and success of your own retirement. The sooner you start to prepare, the better off you will be. If it helps you, think of retirement this way:
Retirement can be a point in time when you have the financial resources to continue working as much or as little as you want with no financial downside.

2. Envision the retirement you want.
What lifestyle do you want? Do you want to travel? Do you want to relocate? The clearer your picture of retirement is, the easier it will be to build a plan to make that picture a reality. And knowing how much money you’ll need will motivate you to start building that nest egg.

3. Learn from others.
Yes, Mr. or Ms. Business Owner, you’re responsible for your own retirement but you can learn so much from the experience and expertise of others:

• Do some research

• Attend a free retirement planning seminar

• Talk to a financial coach who specializes in retirement planning for business owners

The right relationship with a financial coach can make the entire retirement planning process much easier and much more fruitful.

4. Get a Free Hour Consult
As I said, I hate to hear that any business owner isn’t prepared for retirement. So I’m willing to offer some help for free. I’ll meet with you for an hour without charge. You can ask any retirement planning questions you have. I’ll give you plenty of resources you can read to educate yourself on what works best. Tell me a bit about your plans and I can help you think through how to make those plans a reality.

Call me, Gene Offredi, CFP®, RFC, at Summit Investor Coach, LLC at 203.453.1017. Or drop me an e-mail at geneoffredi@netzero.net. I’ll respond quickly. Because retirement planning is critical to any business owner’s future financial success.