Download presentation
Presentation is loading. Please wait.
1
Retirement Issues for Small Business Owner 1) Value of the Business Selling outright Liquidating Passing on to family Value/Net Worth of the business, many times, is the most valuable asset of the business owner
2
Retirement Planning Individual is responsible for retirement income Example Age 25, retire 60, live to 85+, need 80-90% of income $2,000,000 goal Maximum social security benefit = $1,742/month Saving goal $870/month, starting at age 25 $2,103/month, starting at age 35 $5,800/month, starting at age 45
3
Investing IRS provides many tax-deferred or tax-free investment accounts IRA – Individual Retirement Account Deductible Non-deductible Roth SEP – simplified employee plan Less than 25 employees, 15% of compensation, maximum $22,500/annually per person
4
Investing Other accounts KEOGH plan SEP IRA Simple IRA Individual must choose investment options Stocks Bonds * Mutual Funds
5
Other Benefits Medical $5 deductible, prescription $690/month, $8,280 for family of 4 Dental Preventative Restorative Disability Insurance 66% of $50,000, age 30 $240/month, $2,880/annually
6
Other Benefits Life Insurance $500,000 face value, age 35, nonsmoker, good health Term insurance - $860/year Time Off Vacation, sick, personal time Average small business owner works 74 hours per week Takes 4 weekdays off
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.