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Can I Retire Now?
Welcome to the Can I Retire Now? Podcast!
Where savvy financial insights meet relatable wisdom. With almost two decades in the industry, Nick Russell and his wife Becky Wagoner bring a dynamic perspective to help you navigate your unique financial landscape.
Join us as we decode the intricacies of your financial world, offering tailored strategies for dream retirement plans and protection against life's storms.
Discover what truly matters in your financial life, gain insights on relationships and money, and maybe even share a good laugh.
Your journey to financial well-being starts here.
Securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer, and a Registered Investment Adviser. Cetera is separate from any other named entity. 6052 Turkey Lake Rd #101, Orlando, FL 32819. Main Telephone: (407) 351-3476
Can I Retire Now?
Small Businesses, Big Retirements: Choosing the Right Plan (Ep. 31)
Running a business means wearing many hats, but retirement planning doesn’t have to get lost in the shuffle.
In this episode, Nick Russell and Becky Wagoner unpack retirement savings strategies designed for small business owners and entrepreneurs. From SEP IRAs to solo 401(k)s, they explain how different plans work, who they’re best suited for, and why offering retirement options can help retain employees. They also share real-life examples and discuss how flexibility is key as your business grows and changes.
Key points:
- The differences between SEP IRAs, SIMPLE IRAs, solo 401(k)s, and traditional 401(k)s
- Contribution limits, tax considerations, and setup costs for each type of plan
- How retirement benefits improve employee retention and reduce turnover costs
- Why small business owners shouldn’t rely solely on selling their business as a retirement strategy
- Practical advice on evolving your plan as your income and number of employees grow
- And more!
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