The Temptation for Small Business Owners is to Hold Off on Saving for Retirement.
The assumption is that next year will be better than this one. Saving for retirement too frequently ends up being postponed.
Start Saving Today
You should be trying to save at a minimum of 10% of your annual income. If you can, you should strive to set 20% aside for retirement.
Create Leverage for Yourself
You can save on taxes and other expenses by establishing yourself as a business. Popular business structures for small business owners include LLC, S-Corp, and Sole-Proprietorship. As a business owner, you should establish a budget and a savings plan for your business. The benefits of establishing a business, budget, and savings plan include:
What Investment Vehicle Should I Choose?
The challenge is knowing what investment vehicle you should use to invest your money – so you get the best return on investment.
We're Here to Help
We know that choosing a retirement plan that works for you depends on a significant number of factors. Our team at Rising Business Solutions is well-versed in helping small business owners choose what type of retirement plan or plans will ensure a stress-free financial future. We can also help you to set yourself up as a business.