In the 10th episode of the Simplifynance Podcast, host Rachel Stewart finishes up her discussion about handling finances as an entrepreneur with Megan Kelly, Founder of Baton Rouge Mompreneurs. In the last of their 3 part series, Rachel and Meagan talk about retirement prep as an entrepreneur.
1:00 - Megan feels like she’s talking to a friend, which makes it more fun.
1:19 - Who is going to take care of us if we don’t take care of ourselves?
1:48 - We spend our entire lives protecting our children. Don’t stop.
2:03 - Let’s figure this out together.
2:21 - What type of business do you have? How many employees do you have?
3:08 - How much do you want to contribute? It matters.
3:34 - Different types of retirement plan options based on answers.
4:40 - What happens if business blows up in a good way? Can I change?
5:09 - Mo money, mo problems.
5:37 - Managing the accounts on your own vs with an advisor.
6:13 - his is something everyone can do. Not as complex as it sounds upfront.
6:45 - No excuse to not step yourself up for success.
7:27 - Join BRMomprenuers with us.
3 Key Take-Aways
1. By saving for your retirement, you are protecting your children.
2. The type of retirement plan you set up is based on the answers to a few simple questions an advisor can talk through with you.
3. With all the resources available to you in this day and age, there’s no excuse to not set yourself up for success.
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