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n this episode, we explore the best retirement plans for entrepreneurs who start a business after retiring from their primary career. Just because you're launching a business later in life doesn't mean you should neglect your financial future. Whether you want to minimize taxes, maximize savings, or ensure a steady income in your golden years, we’ve got the insights you need to create a solid retirement plan.
What You’ll Learn in This Episode:
✅ Why retirement planning is still crucial for late-life entrepreneurs
✅ The best retirement account options for small business owners
✅ How tax benefits can help maximize your retirement savings
✅ Strategies for balancing business reinvestment and personal savings
✅ Common mistakes to avoid when planning for retirement as a business owner
Retirement Plan Options Covered:
1. Solo 401(k) – Ideal for self-employed individuals with no employees, allowing both employer and employee contributions.
2. SEP IRA – A flexible, tax-advantaged plan that allows you to contribute a percentage of your business income.
3. SIMPLE IRA – Great for small business owners with employees, offering easy setup and employer contributions.
4. Roth IRA – Provides tax-free withdrawals in retirement, making it a smart option for long-term planning.
5. Defined Benefit Plans – Best for business owners looking to contribute a significant amount to retirement savings.
Guest (If applicable):
[Guest Name] – [Guest Title & Credentials] will join us to share their expertise on structuring a retirement plan while running a business post-retirement.
Key Takeaways:
🔹 Start planning early, even if your business is just getting off the ground.
🔹 Take advantage of tax-advantaged retirement plans to reduce taxable income.
🔹 Balance reinvesting in your business with securing your financial future.
🔹 Seek advice from financial advisors to tailor a plan to your needs.
Connect With Us:
🌎 Website: RetireCoast.com
📩 Email: Connect@retirecoast.com
🌎 Website Starting a Business After Retirement
📱 Follow us on Social Media: Facebook |
🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart |
Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast.
👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here.
💬 Have a question or want us to cover a topic? Email us at info@retirecoast.com or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed.
Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions.
Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
