Explore financial insights, retirement strategies, and wealth management tips from Penny Lane Wealth Management. Learn how to plan, save, and invest wisely for your future. Read our blogs or contact us.
Entrepreneurs are used to taking risks, solving problems, and doing things their own way. But when it comes to retirement planning, many business owners find themselves in uncharted territory. Without a built-in employer 401(k) or corporate pension plan, the responsibility of funding retirement falls entirely on their own shoulders. According to SCORE, 34% of small business owners don’t have any retirement savings plan in place. That’s a surprising stat—especially for people