In this video, you will learn how business owners can afford to retire and what the main sources of income are for the self employed. Please SUBSCRIBE for more financial tips for business owners: [ Ссылка ]
How do you retire if you own a business or are self employed?
Social Security benefits pay a key role in retirement for many people, and it may have a special meaning for a self employed person. Let’s think about what a business owner lives off of during retirement.
• If you have a big business, you probably have started some kind of employer-sponsored retirement account for you and your employees (401k, defined benefit plan, etc.)
• If you are a sole proprietor, you may have established some kind of vehicle such as a SEP IRA.
• You may have sold your business completely, cashed out, and invested the distribution.
• You may have sold part of your business and retained a partial stake, continuing to receive some income.
• You’ll likely be eligible for Social Security benefits
Judd Carlton
Glassner Carlton Financial
163 Madison Avenue
Suite 402
Morristown, NJ 07960
Phone: (973) 539-1945 Ext 12
jcarlton@royalnj.com
www.glassnercarltonfinancial.com
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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation.
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