business owners

Cash Reserves for Business Owners: Personal vs. Business Emergency Funds

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Comparison of a personal emergency fund and a business cash reserve, the two cash reserves business owners need

There’s a specific kind of anxiety that comes from not knowing your number. Not your net worth, not your retirement number, just the smaller, more immediate one: how much cash should be sitting in the bank right now, waiting for something to go wrong. For business owners, that question has two answers, because you need … Read more

Retirement Savings by Age: Why Business Owners Need a Different Yardstick

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Three hypothetical retirement outcomes for a business owner: the business sells well, sells for less or doesn't sell

One of the most common questions people quietly carry is simple: “Am I on track for retirement?” For business owners, the usual answers rarely fit. Age-based benchmarks assume a steady paycheck, an employer 401(k) and a portfolio that holds most of your wealth. Owners often have none of those. Measuring retirement savings for business owners … Read more