Too often, business owners reinvest every dollar back into their business. To help you understand the importance of retirement and the options available to you, this episode breaks down various retirement accounts, including:

Solo 401k: My personal favorite! Learn how this account can maximize your contributions and provide incredible tax advantages.

SEP IRA: Understand when this option might make sense and the limitations that come with it.

Regular 401k: Discover how to set up a plan that benefits both you and your employees while avoiding compliance issues.

Simple IRA: Is it really a good choice? I share my thoughts on why it may not be the best option for most business owners.

Additionally, I touch on the differences between Roth and traditional IRAs, helping you make informed decisions about your tax strategy.

---------- ✅ Financial planning for 30-50 year old entrepreneurs: https://www.allstreetwealth.com ✅ My personal blog & newsletter: https://www.thomaskopelman.com Disclaimer: None of this should be seen as financial advice. It is just for informational purposes.