Tuesday, 22 January 2019

Invest in the company or retirement? More owners opt to save – Star Tribune

– In John Holloway’s early years as an entrepreneur, saving for his own future wasn’t a priority.

“I invested a lot of money into one of my first businesses and came out break-even at best. I am kicking myself for not setting some of that money aside for retirement,” says Holloway, co-owner of NoExam.com, a life insurance brokerage based in Roswell, Ga.

These days, when his company’s cash flow and profits are strong enough, he takes money out of the business and invests in a retirement account.

Source: http://www.startribune.com/invest-in-the-company-or-retirement-more-owners-opt-to-save/502224031/

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