03/07/2025
Imagine building something for 20 years — only to find out it never grew like it should have.
A new client of mine owns a successful small business. For years, he was advised to contribute to a SEP IRA to lower his tax bill and to be prepared for retirement. For more than 20 years, the business owner diligently made contributions.
But here’s the heartbreaking part:
Instead of investing for growth, the SEP IRA sat in CDs and money market funds, barely earning anything for two decades. Even worse, another advisor sold him variable annuities with sky-high fees and severe surrender penalties, locking up his retirement funds in underperforming investments.
Now, despite all those years of hard work and savings, there are limited options to help him.
The lesson? Saving is just the first step — but how you invest those savings makes all the difference. Working with a true fiduciary means you get advice that aligns with your best interests, not someone else’s commission check.
If you’re a small business owner, don’t let this happen to you. Get the right help, invest wisely, and make sure your money is working as hard as you are.
Let’s talk if you want to make sure your retirement plan is on track.
