Running a business is demanding, but saving for retirement is equally important. Here are some practical tips for entrepreneurs to balance both. 1. Set up a Retirement Plan Early Consider retirement plans like a SEP IRA, SIMPLE IRA, or Solo 401(k)** to benefit from tax deductions and higher contribution limits. Choose a plan that fits your business size and cash flow. 2. Automate Contributions Automate your retirement contributions to ensure… Read More
Sofi CPA Advisory Group | Accounting Blog