Listen "The Best Retirement Plans for a Business Started After Retirement"
Episode Synopsis
click here: Leave a text, tell us what you likedn this episode, we explore the best retirement plans for entrepreneurs who start a business after retiring from their primary career. Just because you're launching a business later in life doesn't mean you should neglect your financial future. Whether you want to minimize taxes, maximize savings, or ensure a steady income in your golden years, we’ve got the insights you need to create a solid retirement plan.What You’ll Learn in This Episode:✅ Why retirement planning is still crucial for late-life entrepreneurs✅ The best retirement account options for small business owners✅ How tax benefits can help maximize your retirement savings✅ Strategies for balancing business reinvestment and personal savings✅ Common mistakes to avoid when planning for retirement as a business ownerRetirement Plan Options Covered:1. Solo 401(k) – Ideal for self-employed individuals with no employees, allowing both employer and employee contributions.2. SEP IRA – A flexible, tax-advantaged plan that allows you to contribute a percentage of your business income.3. SIMPLE IRA – Great for small business owners with employees, offering easy setup and employer contributions.4. Roth IRA – Provides tax-free withdrawals in retirement, making it a smart option for long-term planning.5. Defined Benefit Plans – Best for business owners looking to contribute a significant amount to retirement savings.Guest (If applicable):[Guest Name] – [Guest Title & Credentials] will join us to share their expertise on structuring a retirement plan while running a business post-retirement.Key Takeaways:🔹 Start planning early, even if your business is just getting off the ground.🔹 Take advantage of tax-advantaged retirement plans to reduce taxable income.🔹 Balance reinvesting in your business with securing your financial future.🔹 Seek advice from financial advisors to tailor a plan to your needs.Connect With Us:🌎 Website: RetireCoast.com📩 Email: [email protected]🌎 Website Starting a Business After Retirement📱 Follow us on Social Media: Facebook |🎙 Subscribe to Our Podcast: Apple Podcasts | Spotify | IHeart | Enjoyed this episode? 🎙️ Don’t forget to subscribe to the RetireCoast Podcast for more conversations on retirement planning, small business growth, and life on the Mississippi Gulf Coast. 👉 Visit RetireCoast.com for in-depth articles, resources, and guides on topics we cover here. 💬 Have a question or want us to cover a topic? Email us at [email protected] or join the conversation in our Facebook group Business After Retirement: Start, Manage, Succeed. Disclaimer: This podcast is for informational purposes only. It should not be taken as financial, tax, or legal advice. Please consult a professional before making financial decisions. Keywords: Big Beautiful Bill 2025, Social Security changes, retirement taxes, small business incentives, retirement planning, Medicare and seniors, financial security in retirement, small business growth strategies.
More episodes of the podcast RetireCoast
Mastering Home Closing Costs
23/09/2025
Airbnb's 2025 Fee Change: A Bait and Switch?
28/08/2025
Cruisin' The Coast: Classic Car Extravaganza
22/07/2025
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.