Most closely held businesses have no transition plan and maintain no retirement plan. These businesses are not alone. Retirement finances are creating anxiety on a national level: 70% of Americans experience anxiety about outliving their retirement savings, and 74% of Americans have less than $200,000 saved.
Two critical financial challenges business owners face are reducing current tax liability and saving for future retirement. If you own your own business, you want to pay less taxes and protect your assets from the reach of creditors. If you want to accomplish these things with the help and blessing of the IRS, then you need to step onto a path long-established but under-utilized by today’s business owners: the path of tax-qualified retirement plans.
Learning Objectives:
- Determine the two critical financial challenges business owners are facing
- Define a tax-qualified retirement plan
- Identify the steps to be set up for success when it comes to retirement
Luis Beeli is a licensed financial expert specializing in helping businesses in the areas of financial services, sales, and marketing. Having experience in many different industries, Luis is well positioned to teach business owners and sales professionals how to work through many long-standing business challenges. His specific approaches and techniques help business owners reach the right clients, connect with those clients, and then close important business. His clients also rave about the many tax-advantaged financial solutions that Luis offers.
Mary Read CPC, CPFA, QPA has more than 30 years of experience designing and establishing qualified retirement plans for closely held businesses. Mary’s expertise has made her a frequent speaker and contributor to financial industry publications and she has written several books on the subject of qualified plans and retirement. Among her credits she has taught pension classes for financial professionals of major financial institutions and been a featured speaker at national meetings for the Society of Financial Service Professionals, the Association for Advanced Underwriting (AALU), LIMRA, Million Dollar Round Table (MDRT) and the Form 400. Mary continues her active role in supporting financial professionals and closely held businesses with pension strategies in her present position with Eliminate Hidden Fees and as National Director of Qualified Plan Marketing at Pentegra Retirement Services.
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