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Attention Business Owners: Some Tips for Your retirement Planning
Small business owners (and there are nearly 30 million of those in the U.S.) tend to worry a lot about the retirement security of their employees. But what about their own? Certainly, they have a plan in mind, and it is usually based on selling their business. But Rick Pendykoski of Self Directed Retirement Plans LLC reports that “People who plan to fund their retirement by selling their business should understand one thing: They alone bear the responsibility of setting up a suitable retirement plan.” With this as a guiding thought, Pendykoski provides some thoughts to help small business owners deal with this issue. Read his post here…