Ah, retirement. A time to kick back, relax, and finally start that salsa dancing class you’ve always promised yourself. But if you’re a small business owner, retirement can seem as elusive as a unicorn riding a rainbow.
Calculated Moves: Your Companion for Strategic Planning
Between reinvesting profits back into your business and navigating the choppy seas of tax regulations, finding a reliable retirement plan can feel like searching for a needle in a haystack. But fear not, fellow entrepreneurs, for Calculated Moves is here to turn your retirement woes into retirement wows.
Outsourcing Accounting: The Secret to Boosting Profits
We get it. Accounting work is about as exciting as watching paint dry. And making expensive mistakes? That’s as appealing as stepping on a lego barefoot. But what if we told you there’s a way to outsource these time-sucking tasks, boost your profits, AND keep Uncle Sam off your back? Sounds too good to be true? Stick around, because we’re about to drop some knowledge bombs.
The Future of Retirement: Flexibility and Freedom
Retirement isn’t just about sitting on your porch anymore, reminiscing about the good old days when you could go out without checking the weather forecast first. It’s about flexibility, freedom, and finally having the time to do what you love.
Start Small, Grow Big: The Key to Saving for Retirement
So, how do you save for this glorious time when you’re constantly funnelling money back into your business? The secret is starting small and letting it grow with you. Think of it as planting a tiny seed that will one day grow into a mighty, money-bearing tree.
Solo 401k: The Ultimate Retirement Plan for Business Owners
Now, let’s talk retirement plans. If you think an IRA is the bee’s knees, then buckle up, because we’re about to introduce you to its cooler, more flexible cousin – the solo 401k. This bad boy allows you to defer as much as possible, offers significant contributions—over $26,000 a year, plus an employer contribution—and even has a loan provision.
Setting Up Your Solo 401k: Leave it to the Pros
Yes, you read that right. With a solo 401k, you can borrow money from your retirement fund and pay it back over time. It’s like having a bank that also doubles as your future self. So, whether you’re having a stellar year or need to save on taxes, the solo 401k has your back.
Conclusion: Smooth Sailing into Your Golden Years
So, ready to trade in your IRA for a solo 401k and sail smoothly into your golden years? Hop over to our blog post for more information and tips on how to implement this plan for a great retirement. Because let’s face it, you have better things to do than crunch numbers – like, you know, planning that salsa dancing class.
Connect with us!
Please follow us on Facebook and Instagram. Please make sure to check out our blog and our website link below. Subscribe to our YouTube channel and hit the bell to be notified when we post. Email me at firstname.lastname@example.org.
Donna Bordeaux, CPA with Calculated Moves
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA, as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.