Small Business Owners

Why Small Business Owners Struggle with Retirement

Small business owners pour their heart and soul into building their ventures, often at the expense of their own financial security. In the United States, many small business owners face unique challenges when it comes to retirement planning. A common misconception is that the sale of their business will provide a comfortable retirement. While a successful sale can contribute, it frequently falls short of covering all retirement expenses. Additionally, the complexities of navigating self-employment retirement plans like SEP IRAs, SIMPLE IRAs, and solo 401(k)s can be overwhelming. With numerous options available, business owners often struggle to determine which plan best aligns with their individual needs and business goals. This lack of clear guidance and personalized support leads to missed opportunities and unnecessary financial stress. At Retirement Educators, we understand these challenges and are committed to empowering small business owners to achieve a secure and fulfilling retirement."

How We Help Small Business Owners

We believe in a comprehensive and personalized approach to retirement planning for small business owners. Our goal is to provide clarity, confidence, and actionable solutions. We begin by thoroughly understanding your unique financial situation, including your business valuation and potential sale considerations. We then work with you to identify any potential gaps in your retirement income and develop a tailored plan to supplement your business assets. We simplify the complexities of SEP IRAs, SIMPLE IRAs, solo 401(k)s, and other self-employment plans, helping you navigate the options and choose the most suitable and affordable solutions. We are committed to providing ongoing support and guidance, ensuring you stay on track to achieve your retirement goals. Our approach extends beyond the individual business owner, encompassing the entire family to ensure holistic financial well-being."

Our Process

One-on-One Consultation:

We begin by meeting with you to discuss your current financial situation, business valuation, retirement goals, and concerns.
We provide a clear and detailed explanation of self-employment retirement plans, including how they work and their limitations.

Personalized Retirement Plan Development:

Based on your individual needs and business circumstances, we create a customized retirement plan to supplement your business assets and bridge any potential income gaps.

Plan Comparison and Selection:

We compare multiple SEP IRAs, SIMPLE IRAs, solo 401(k)s, and other self-employment plans, presenting you with clear and concise information to help you make informed decisions.
We make sure the plans are affordable and suitable to your business and personal needs.

Implementation:

Our licensed financial professionals assist you in implementing the chosen retirement plan, ensuring a smooth and efficient process.

Lifetime Assistance and Annual Reviews:

We provide ongoing support and conduct annual reviews to monitor your progress and make necessary adjustments to your plan.
We also offer comprehensive financial guidance for your spouse, children, and other family members, ensuring a holistic approach to your financial well-being.