Defined Benefit (DB) plans offer a valuable option for businesses looking to provide a strong retirement plan for their employees. They can be a powerful tool in promoting financial security after retirement, with benefits for both employers and employees.
Yep, why not? In today’s world it is tougher and tougher to find money to start businesses. One way you could do so in 2024 is to use your retirement assets. Yes, you can fund a business with your IRA dough.
Building a successful solo business is exciting, but don’t let planning for retirement fall by the wayside. Defined benefit plans, traditionally associated with large corporations, can be a powerful tool for solopreneurs to achieve financial security in their later years.
The entrepreneurial journey is exhilarating, brimming with possibilities and brimming with pitfalls. One such pitfall, often underestimated, is business disruption. A cyberattack throws your entire network into chaos. A flood devastates your local community, rendering your storefront inaccessible. An economic downturn squeezes consumer spending. These unforeseen events can cripple even the most well-intentioned ventures. But what if you could transform from being merely reactive to disruptions to becoming a responsive and adaptable business? This, my fellow risk-takers, is the power of business continuity planning.