What Challenges Do Entrepreneurs Face in Retirement Planning?
Entrepreneurs often face unique challenges when it comes to retirement planning:
Inconsistent Income: Unlike salaried employees, entrepreneurs may have fluctuating incomes, making it harder to commit to regular contributions. Business Investments: Many entrepreneurs reinvest their profits back into the business, leaving little room for retirement savings. Lack of Employer Contributions: Entrepreneurs do not benefit from employer-matching contributions, making it imperative to save more independently.