3. Escaping The Business Owner’s Retirement Trap™
Learn how to escape the business owner’s retirement trap.
If you’re like most business owners, you tend to put all of your money back into the business. In fact, 75% of all closely held business owners’ net worth is their business. Relying on your business to be your sole source of retirement income is like putting all of your eggs in one basket. If you plan to use your business to fund your retirement, consider that 95% of the time, it does not work. It is imperative to have a retirement plan in place that is not solely dependent on your business.