Small business owners, what's your retirement plan? Please share whether you have another job or just your business too

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The shop will go to my daughter when I'm ready to retire. Shouldn't be for at least 10 more years, but if she doesn't want it then I'll guess I'll have to sell. But ideally she'll take over, and I've been putting money in my Roth Ira since I first started the business. That plus other investments should be enough to retire on.

Would love to follow this thread. I’d like to help preserve small biz that have kids that aren’t interested in taking over and make sure the founder gets monthly payouts.

I just have my small business but there are several options out there. If you have employees besides yourself, signup for one of the payroll services and the majority of them integrate with a 401(k) or IRA provider for retirement. I personally use guideline. I have seen other plans that are called Solo(K) that are meant just for business owners and their partners. Check those 2 options out.

I’d like a part time job. Nothing too serious - but to give me a reason to still get out of bed everyday! I’d maybe even think about working for someone else if it is part time. Something like working in a garden centre could be fun - I currently moorland in an office and like gardening - hence my thinking!

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