As a small business owner, planning for retirement is crucial for securing your financial freedom. In this video, founder Hunter Brockway of Boca Retirement Strategies provides a comprehensive overview of common retirement saving strategies for small business owners. He discusses various methods such as the Simple IRA, SEP, Solo 401k, Traditional and Roth IRA, and the innovative ‘Simple 401k’.
He also explores the idea of opening a taxable investment account in your business’s name for those with unpredictable cash flow or new startups. By considering which plans offer you higher contribution limits, tax advantages, or flexibility, you can make strategic decisions to optimize your retirement plan.