Episode 50: Retirement for Entrepreneurs


Download the MP3!

Most Americans haven’t saved enough for retirement – are you among them? The ups and downs of entrepreneurship can make it hard to think long-term, but it’s pretty important to prepare for the future. Here are three different paths an entrepreneur can take when approaching retirement.

Highlights:

  • Why “I’ll run my business forever” might not be a good idea (2:10)
  • Three things you can do now to mitigate future risk (4:51)
  • How to prepare for selling your business (9:25)
  • Striking the balance between living well now and saving long-term (13:26)
  • A useful tool for visualizing your retirement goals (18:04)

Links:

  • RockYourRetirement

    Hi Shayna, Great Episode! (I’m running a little behind…LOL)

    I’m so glad that you are doing all three retirement planning ideas! That is awesome! Did you know that you can invest in real estate through your solo 401(k) if you set it up correctly? I’ve been doing this for several years.

    Also, for your peeps that are retiring, I host the Rock Your Retirement show. We don’t talk about money, but we talk about everything else, including depression after retirement and how to prevent it.

    Thanks for all you do! I love love love your show!

    Perhaps I’ll see you at Podcast Movement?

    Kathe

    • Nice! It is so, so important to talk about LIVING life after retirement… I see this especially in people who have retired early/young; a lot of them don’t know what on earth to do with their time and it’s easy to slip into depression.

      I’m fortunate that I’ve got great role models in my parents; after retiring they got even more active in sports, music, volunteer work, travel, etc.

      Unfortunately I won’t be at podcast movement, but hope you have an awesome time 🙂

      • RockYourRetirement

        Thanks Shayna.