When youíre planning for how youíll manage your finances when youíre retired you canít be hasty. Retirement planning is perhaps a multistep process, and it evolves with time.
That being said, retirement planning for the service class and business owners is not the same. In most cases, the service class receives provident or pensions when they retire. But, not the business owners.
Another difference is the fact that business owners still own a share or a portion of their business when they retire. This makes it more complicated for business owners to choose the right retirement plan.
Nevertheless, we have broken it down into 5 easy steps. You can follow these steps to find a retirement plan for when youíre no longer employed.
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