The website www.manta.com conducted a survey of 1,960 small-business owners in 2017, and 34 percent of those surveyed said they don’t have a retirement savings plan.
Of those respondents who do not have retirement savings, 37 percent said they don’t make enough profit to save for retirement and 21 percent said they used their previous retirement savings to invest in their business. Eighteen percent of those without a plan said their business was their retirement, meaning they hope proceeds from selling the business will be enough to retire on. That’s what financial experts call putting all of your eggs in one basket, and
Do You Feel Confident About Your Retirement Plan?
Weeding through the details of all the different retirement account options can get confusing, but no matter your age, the time to start saving for retirement is now. Learn more about six common types of plans.
Jul 30, 2018
| by Judy Kneiszel |
