Why You Shouldn’t Rely on Your Business for Retirement Planning

June 25th, 2018 → 12:50 pm @ // No Comments

Retirement planning must take into consideration your unique goals and your unique financial position at various stages throughout your life. One common mistake many are now making is relying on income from their business to maintain their finances through retirement. In this latest post, our team highlights why this retirement planning strategy is a mistake for the Northern California business owner.

Diversification is critical

In any investment strategy, diversification of funds is critical to avoiding losses. For those who are putting all their resources into their business for retirement planning in Northern California, this could lead to the loss of resources over the long-term. It’s important that you review a full range of investment strategies to plot the right course for your retirement and the security of your financial future.

Businesses can lose value quickly

One large issue with relying on your business for your retirement is that the business can lose value quickly, and often without warning. It might be that one of your customers has a significant complaint and this complaint is picked up by local media, causing stock value to plummet. Or it might be that you make a poorly considered investment, which leads to the company suffering losses …Read More

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