Businesses Neglect Crucial Retirement Plans
Three-quarters of owners wonder if they can afford secure futures
Much like workers concerned about their retirement plans, it turns out that small-business owners are people, too, seeking more secure futures.
However, only a small percentage of businesses have plans in place to cover company leaders, perhaps hoping fate steps in to save them for their golden years.
They miss the fact that retirement plans offer significant advantages for small-company owners, providing a crucial avenue to secure financial stability for life after business.
Good Retirements Owe Their Success to Early Planning
These plans not only ensure a comfortable retirement but also present various tax benefits, attract and retain talented employees, and enhance overall business credibility.
Retirement means different things to people, more than the stereotype of quitting work and living in paradise.
“Retirement is an outdated concept,” said Iva Ignjatovic. “I don’t think people should work until they die. They should work if they want to, even change their careers if that will make them happy.”
