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Self Employed Retirement Planning - Finding Clear Direction
By Tom Dunn | October 3, 2008
You run a small business, or you are a professional like a doctor, dentist, or attorney. Either way, you are in business for yourself. Would you like to retire eventually (hopefully before age 95!) assured that you are financially secure?
Research indicates that over 60% of self employed people don’t believe they are adequately prepared for a comfortable retirement. Are you among their number?
At your retirement, who will benefit from all the years of sweat equity and labor you sacrificed for your business or private practice? Your workers? Your customers or patients? Your suppliers? What about you?
Perhaps you have investigated SEP, Keough, 401K, and IRA plans, but for a variety of reasons they all fell short of assisting you in reaching the retirement of your dreams. Maybe the time was too short to allow you to save enough to maintain your standard of living. Maybe the focus of the plan was weighted too heavily toward your employees or key personnel, not enough toward your needs. Maybe the monthly or annual investment was just too high relative to the potential of the investment vehicle.
Perhaps the possibility of loss was just too great.
No matter what your reasons for looking into small business retirement planning, the important thing is you’re here now, and clear direction is available to you. If you are seeking a plan that will permit you to experience the retirement you’ve been imagining, there are other ways you can go.
Would you believe me if I said there is a retirement plan for small business people that could allow you to get caught up with - and stay ahead of - your retirement goals, no matter how late you may be starting?
Would you believe me if I told you that your business possesses the capability to provide a stable retirement solution that is exclusively for you or your key personnel?
What if I told you this retirement plan for self employed and professional people…
* allows potentially limitless contributions
* has remarkably low admin costs
* includes favorable tax benefits for most participants
* meets the needs of those with a very low tolerance for risk
* leverages the dormant assets of your business to create
a stable retirement solution for you
* uses the combined power of OPM (other people’s money) and
compounding to grow your wealth
Would you believe it in that case?
I understand that you have questions about this plan, and we can provide solutions. Unfortunately, this article just isn’t the place to talk about the details of this plan, or any other retirement plan for that matter. It’s just too crucial a subject, and to supply you all the details, we need to understand your needs and specific situation just a little bit better.
Visit us today to find out more at retirement planning for the self employed.
Topics: retirement planning, small business |