Retirement Planning for Self-Employed Professionals and Small Business Owners

There is a lot to consider when planning for retirement. If you own a small business or are self employed, let us help you find the right plan.

Retirement Planning for Small Business Owners and Self-Employed Professionals

Retirement planning is essential for a future of financial stability, but it can be a complex and time-consuming process. Planning can be even more challenging for small business owners or self-employed professionals. At Harlow Wealth Management, we are committed to developing customized retirement strategies for our clients that incorporate investment vehicles as well as insurance products. We offer numerous self-employed retirement plans, and our Investment Adviser Representatives can help you determine which strategy is most appropriate for you and your family.


Pay Yourself First

Owning a small business is a dream many people share, especially with all the perks of working from home and the allure of turning a passion into a source of income. One of the most important steps toward reaching your retirement goals is building financial independence. As soon as your company is profitable, you should begin paying yourself a salary. When you are getting paid, you can put a percentage of that money into a retirement account.


Find the Right Plan

There are three types of retirement accounts that can be right for small business owners:

  • Simple IRA: This type of plan is similar to a traditional IRA, but the contribution limits are higher for small businesses.
  • SEP IRA: This retirement plan option may be recommended for small business owners, as it is fairly easy to start and maintain and can offer significant tax deductions.
  • Self-Employed 401(k): This kind of plan works like an employer-sponsored 401(k) and can be a wise choice for a small business owner who doesn’t have any full-time employees.

All of these options are generally considered solid retirement plans for small business owners. One of our experienced Investment Adviser Representatives can help you determine which one is most appropriate for you and your company.


Contact Us Today

If you’re ready to start planning for your retirement, the Harlow Wealth Management staff members are excited to help. Give us a call today to start planning your retirement. You can also fill out our online form to request a no-obligation meeting.

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The Next Step?

For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.

Or give us a call at 800.782.2136