When most small business owners get their companies started, the last thing on their mind is retirement planning. They’re too busy building funds and claiming market share to put together a succession plan or even hire employees, let alone think about how they might fund a retirement plan for their employees.
But once the business has gained some ground — during what Joe Skarda, retirement plans specialist and training director at Sapient Financial Group calls the “mature stage” of the business — the owner needs to plan for what will happen to his business after he retires, and if he has employees, he will likely want a plan that provides for his employees while also funding his own retirement.
The right plan
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