In our experience, McDonald’s Owner Operators love what they do. They are proud to be a franchisee, run great restaurants and enjoy an enviable quality of life. And, as most business owners, they hope to turn their golden arches into their golden years one day by selling or transferring their business to their next generation or a suitable outside party. While different people have different goals, for many the ultimate goal is to enjoy a secure and financially comfortable retirement. That is why retirement planning is something we address with our clients on an ongoing basis.
After all, wealth management can be a bit confusing or at times, misunderstood. From evaluating which retirement plan works best for you to determining how much cash to leave in the business, how much to spend and how much to invest, it can all be a bit overwhelming. That is why it is important to have a plan, work the plan then revisit the plan and make adjustments whenever necessary.
When it comes to retirement plans there are many to choose from. You’ve heard about IRAs, 401(k)s, Profit Sharing Plans, etc. They all have different rules, specific advantages and of course, tax saving benefits. One of the questions we get most often is which retirement plan Owner Operators should choose to meet their individual needs and long-term goals. One factor we consider is how a company-offered retirement plan can help increase employee retention. To answer this question, Laufer LLP, together with our wealth management affiliate, has created a retirement plan comparison guide for your reference and convenience. Click
here to visit our website and review the guide.
As always, the teams at Laufer LLP and Laufer Wealth Management are here to answer any questions you have related to your financial planning and wealth management needs. By integrating retirement planning, investment planning and business planning into your day-to-day accounting function, you can rest easy in knowing that you will one day enjoy the retirement you’ve been dreaming about. We invite you to call us at
631-226-9600 and be sure to follow us on
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