Small Business Retirement Planning - The Opportunity So Many Owners are Missing

Author: Elliott Servais

According to a recent Manta survey of small-business owners, 34% don’t offer any type of retirement benefits.

Why is this?

As a small business ourselves, the team at EP Wealth Advisors knows that running your company makes time a precious resource. Employers who aren’t investing in a retirement plan may be missing out on an opportunity to prepare for retirement and the potential saving benefits that come with it.

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Financial Planning Checklist: Preparing for Retirement

Author: Mike McGrath 

The idea of waking up late on a Tuesday morning and having nothing to do other than lunch with a friend and/or a long hike sounds like a pipe dream when we are in our 20s and 30s.  If we were smart enough then (or had proper guidance advice), we would have started saving then--at least what little we had left after mortgages, braces, and car repairs.  However, as we move through our mid-40s into our 50s, our unpreparedness feels like Monday evening when we aren’t quite ready for Tuesday morning to arrive.

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Money US News: "Never Retire: Why People Are Still Working in Their 70s and 80s"

Author: Clint Camua

Retirement isn’t meant for everybody. I have many clients who could retire and don’t. Some people prefer to keep working because of the contentment they receive from that workplace/organization.

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NBC: "The most important advice from current to future retirees"

Author: Elliott Servais 

Have you ever wondered about retirement and what wisdom current retirees would share?

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What is Succession Planning: Everything You Need to Know

Author: Ryan Serrecchia 

It takes a forward-looking individual to launch and build a small business—someone with a rock-solid commitment to investing time and money in an organization based on its potential for future rewards. So it’s a bit ironic that, according to the Small Business Administration, only 30 percent of small-business owners have done any succession planning, let alone sought out succession planning services, a strategy that can contribute to the ultimate value of their company. Owners tend to be so focused on the day-to-day requirements of dealing with clients and employees that they barely have time to plan dinner, let alone plan for the long term. But failing to appreciate the importance of succession planning can have a number of negative consequences. Uncertainty about who will eventually assume control can lower the value of a firm, while also increasing stress and forcing the owners to work longer than desired or sell at a less favorable price and decreasing personal wealth.

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