Tailoring Retirement Plans for Business Owners

No Unfinished Business Podcast Ep. 24 w/ Elijah Lopez

When it comes to business owners and their retirement planning, there isn’t a one-size-fits-all approach. Let’s explore some options.



Retirement Options for your Small or Privately-Held Business

In this episode, we speak with Elijah Lopez, a financial advisor at Manske Wealth, about the options that exist for business owners looking to provide a retirement plan for their employees or for themselves, and the importance of tailoring these plans to the individual business.

We discuss the process of working closely with not just clients, but also their attorneys, and CPAs to create the best solution for their specific situation, and how that can change over time.

He shares a case study of a client who started with an IRA, scaled up to a SEP IRA, and eventually added a 401K with profit-sharing as the business grew. By understanding the client’s needs and goals, we can craft a plan that evolves with the business, providing the best possible outcome.

Listen in as Elijah discusses the key differences between IRAs, SEP IRAs, and 401Ks, and learn how he determines when a business owner is ready to make the leap to a more complex retirement plan.

Lastly, we get into some broader client behavioral psychology, and ways to decode and preempt clients who think they know exactly what they need.

Connect with Elijah on LinkedIn at https://www.linkedin.com/in/elijahlopezmanskewealth/ or at https://manskewealth.com/staff/elijah-lopez/

No Unfinished Business® Podcast

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