Retirement Plans Every Entrepreneur Needs!

July 08, 2025•1 min read

R. Kenner French and Liliana Falconer discuss the importance of qualified plans for entrepreneurs, particularly solopreneurs, in reducing tax liabilities and saving for retirement. They explore the differences between pre-tax and post-tax contributions, the benefits of stacking various retirement plans, and the investment options available within these plans.

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The discussion emphasizes the significance of planning for a comfortable retirement and the potential for significant tax savings through strategic financial planning.

Takeaways

• Qualified plans can help entrepreneurs lower their taxes.

• You can still lower your taxes even after the year has ended.

• Pre-tax contributions reduce your taxable income for the year.

• Post-tax contributions allow for tax-free withdrawals in retirement.

• Stacking multiple retirement plans can maximize savings.

• Investment options in retirement plans are broader than many realize.

• You can control your investments in self-directed plans.

• Planning for retirement is essential for financial freedom.

• Understanding tax implications is crucial for effective planning.

• Consulting with a financial advisor can help tailor strategies.

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