The 4 Most Common Entrepreneurial Retirement Myths

Retirement planning can be a tedious task, and many people choose to avoid saving for retirement early in their career. They tend to wait until they are more financially stable before opening an IRA or funding their 401k; however, if you wait too long, you may not be able to retire comfortably. This is especially true for entrepreneurs, startup founders, and small business owners.

Business owners state a variety of reasons for why they don’t start saving for retirement. A lot of these reasons are untrue and are considered “retirement myths”. These myths play a large role in why they tend to avoid planning for retirement early on.

So what are some of these retirement myths?

Well, here are the 4 most common entrepreneurial retirement myths that many people believe are reasonable excuses to hold off on their retirement plans.

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How to Choose the Right PEO for Your Business

A Professional Employer Organization (PEO) helps companies outsource the management of payroll, human resources, employee benefits, and workers’ compensation, so business owners can focus on the core aspects of their business.

Many businesses today need help managing their HR responsibilities and employer/administrative tasks. Luckily, a PEO is able to offer services to assist businesses with these responsibilities by establishing a co-employer relationship with them. With this relationship, business owners will be able to focus on the operational and profit-building side of their company, while the PEO manages their complex employee-related matters.

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I Just Retired Early… Now What?

Retirement isn’t as easy to deal with as many people believe. The first couple of weeks or so may seem amazing because all of a sudden you have so much time on your hands. However, as weeks turn to months, you start to get bored and you may even start wishing you were back at your office working from nine to five.

If this is true for you, you’re not alone. A lot of men and women who retire early from work experience the same problem, and then they’re stuck with this one single question:

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The 3 Surprising States Perfect for Retirees

Nearing the age of retirement? Ever thought about moving to a different location to get the most out of your retirement fund? Well if you are, I know that there are a lot of things to consider like health care costs, living expenses, weather, and much more.

Ensuring that you have enough money to live comfortably is essential for any retiree. The last thing anyone wants to do is spend all of his retirement money and resort to going back to work. Therefore, you need to make sure that the place you decide to live isn’t just a vacation home, but a permanent residence that you are going to live for the remainder of your life.

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Which IRA Should You Choose?

When you first graduate from college, you realize that you are a full-grown adult. Now you’re going to have to find a job, find a place to live, and start paying bills. But what should you do with your source of income? Save it for a vacation? Invest with it? If so, invest in what?

As you get older, you realize some of the necessities you need to have for your future. Once you become a dependent, you slowly understand the concept of saving money, obtaining health insurance, and other tasks that you need to do to have a healthy lifestyle. One of these responsibilities is opening up a retirement account, so you can live a comfortable life after leaving the workforce. When you decide to open an account you see that there’s a regular IRA and a Roth IRA. Which one should you choose?

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