A few weeks ago, my colleague David Lloyd wrote about how much money is needed for retirement
. Most people have a number in their head. Maybe it’s sufficient. The next question is, how do you make sure you meet this number?
As a business owner, you have a unique savings opportunity you may not even know about. It’s called an Individual Pension Plan.
Imagine for a moment, the federal government gave you the opportunity to create a corporate pension plan, just for you. A plan that would provide you with dependable income in retirement – much like that enjoyed by teachers or civil servants – funded by your corporation.
How would you design the plan? Maybe something like this?…