Tag: small business owners

Can Small Business Owners REALLY Achieve Financial Freedom?

Written by Zachary Morris, CFP® on January 15, 2025.

As a small business owner, have you ever wondered, “How much do I need to sell my business for to retire comfortably?” In this video, I’ll guide you through the essential steps to calculate your number—the amount you need from the sale of your business to achieve your retirement dreams.

Planning for retirement as a business owner is different. Unlike traditional employees, your business is likely your largest asset—and your key to financial freedom. But how do you bridge the gap between your business’s current value and your ideal retirement target? That’s exactly what we’ll cover.

Retirement Plan Consulting: Three Benefits for Small Business Owners

Written by Jeff Diamond on October 19, 2022.

Gain benefits from working with a professional you trust who can offer retirement plan consulting to help you navigate this complicated landscape.

Business Succession Planning: 6 Steps for Small Business Owners

Written by Zachary Morris, CFP® on October 6, 2022.

Take the time now to focus on your business succession planning to ensure that your legacy lives on and your business finds lasting success.

Cash Balance Pension Plans Can Benefit Doctors, Lawyers and Small Business Owners

Written by Zachary Morris, CFP® on May 24, 2021.

Five Reasons to Consider this Defined-Benefit Plan for Your Business

Many small business owners, including doctors and lawyers in private practice, can benefit from a cash balance pension plan. These plans offer significant tax deductions and accelerated retirement savings, making them especially beneficial for those with retirement looming in the near future. What’s more, this defined-benefit plan with a 401(k) twist can help you meet the needs of your employees, too. Many high-earning professionals are unaware of this option, though it offers benefits from both the retirement planning and tax avoidance standpoints.