Retirement trends will put pressure on many business owners
Article Abstract:
Entrepreneurs and other businessmen must recognize the importance and advantage of saving more money sooner for their retirement accounts in order to avail of tax incentives the government has provided. Immediate action must be taken due to compounding problems such as longer life expectancies of retirees, reductions in benefits of high-income retirees such as business owners, and inflation. Businessmen must plan as early as possible and determine the amount of money they will need for retirement and financial make allowances for the next 10 to 20 years.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1998
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The big-money mistakes made in retirement planning
Article Abstract:
Businessman and managers can benefit from planning their retirement ahead to maximize the returns on retirement fund investments and prevent finances from being consumed by taxes. The most common financial planning mistakes businessmen commit in managing retirement plans include erroneous forecasts on retirement age, failure to plan for future cash needs, a lack of tax planning, and incorrect choices on payment options for retirement income. Experts advise businessmen to consult with their accountants and pension advisers to avoid such errors.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1998
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Plan now for retirement by determining how much money you will need
Article Abstract:
Every businessman, regardless of age, can benefit from early retirement planning in order to minimize the effects of taxation on their investments. Individuals can consult with their personal accountants to determine how much their retirement accounts will be worth in the future. Critical issues that need to be considered in retirement planning include the amount of money at hand and its value in 10 to 15 years time, management of taxable withdrawals and tax-free personal savings, alternatives in receiving retirement income, and tax planning.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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