If you’re busy running your business, you don’t need something else added to your To Do list. If you need some guidance in establishing your company’s Retirement Plan, I can help. If you’re not sure why you need a Plan, I outline five reasons why you should think about it.
Have a plan versus just accepting that you have to work all your life until you arrive at some arbitrary age where you can utilize retirement account funds or receive social security payments
I believe the true path to wealth is saving your money and investing it wisely over the long-term and in a regular pattern because you can’t know what surprises the market or economy or life will bring.
Using spare dollars to create a Financial Plan will ultimately help you assure your savings rate is adequate, diversify your investments and optimize your debt.
Establish a plan and goals to get your savings on track so you can get where you want to be in retirement. Not just retirement in the traditional sense, but Financial Independence. Living the lifestyle you want balanced with adequately saving for the future.
This analysis shows the Solo 401K is the best overall Retirement Plan option for Independent Contractors and the Self-Employed. Where it lags on cost and administration would only be due to expense and effort to take full advantage of its significant flexibility.
