A recent survey revealed that 54% of women small-business owners don’t believe they will ever retire, compared to 44% of their male counterparts, highlighting a significant gap in retirement planning. Despite challenges like the gender pay gap and caregiving responsibilities, retirement planning remains crucial for all business owners regardless of gender. A well-thought-out strategy helps plan for financial security, supports business succession, and sets a positive example for employees. Female small-business owners can bridge this gap by starting to save now (if they haven’t already), creating a budget, establishing a retirement plan from the numerous types available for your business, and seeking financial education from a wealth advisor experienced in business retirement planning. By taking proactive steps, business owners can help work toward a secure financial nest egg future and help employees build their own retirement savings. For help with your business retirement planning check out our recent Retirement Planning for Business Owners webinar here or contact us.
Read the full article from Forbes here.
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