As a small business owner you carefully monitor your cash flow and revenue, but are you as diligent in your retirement planning? A survey of self-employed Americans released by TD Ameritrade Holdings found forty percent(40%) of the self-employed are NOT saving regularly for retirement. Over one-quarter(28%) are not saving at all. Most striking, 29% of Generation X (born between 1965-1976) and 32% of Generation Y (born 1977-1989) do not save for retirement. Where do these entrepreneurs expect the money in retirement to come from? Savings (59%), IRA’s (38%), profits from their business(19%) , and the sale of their business(14%).
Source: This online survey was conducted in October 2013 of 2,014 adults.