A business owner was struggling preparing for retirement and was not aware of the very favorable retirement savings options available to business owners. We helped the client divise a new personal budget and set up the self-emploeyed retirement vehicles that out our client on the path for retirement stability.
Self Employed Retirement Planning
Between inconsistent cash flow and financing needs, consistent retirement planning is a real challenge for business owners. Salt Mines expert advisors can recommend practical solutions and approaches and offer perspectives from business owners.
Do these questions keep you up at night?
How do I save for retirement and finance my business at the same time?
What advantages are available through self-employed retirement plans?
Should I use my IRA or 401(k) to launch my business?
A Success Story
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FAQ
I just started an entry-level job. Can Salt Mines Advisors help me?
Absolutely. Many traditional investment advisory firms require minimum assets under management and net worths to take on a client. Salt Mines Advisors does not have minimums – we feel that all individuals can benefit from financial planning advice, regardless of income and net worth.
Does Salt Mines Advisors raise capital for start-ups?
Salt Mines Advisors is not a Venture Capital firm or an Angel Investor. Generally, we do not invest directly in start-ups. However, Salt Mines does advise founders on the fundability of their idea and will consider recommending select investments to clients where appropriate.
Does Salt Mines Advisors require long-term contracts?
While Salt Mines Advisors signs client agreements and contracts with its clients, our clients are not under any obligation to work with us beyond the scope of work outlined in the agreement. We want clients to be happy and not feel as if they ‘stuck’. In general, long-term contracts are not required nor encouraged. However, for certain investments, certain timelines may be required by the terms of the investment.
How does Salt Mines Advisors make money?
Each client engagement is different. In some cases, there are fixed project fees, monthly subscription fees for services, hourly billing, or assets under management. Salt Mines Advisors works with its clients to determine the best fee structure for each client.
What minimum income and net worth do I need to work with Salt Mines?
Salt Mines Advisors does not require is clients to have certain levels of income or net worth. We aim to make financial planning accessible to clients of all income levels and career stages.
Does Salt Mines Advisors guarantee investment performance?
All investments carry risk and there is always uncertainty. Salt Mines does not and will not guarantee the performance of any investment.
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