Episode 140: Retirement Planning 101 for Creative Entrepreneurs
Feb 11, 2021
On today's episode of the podcast I share how to plan for retirement as a creative entrepreneur.
This episode is sponsored by my FREE training: 3 legal & tax mistakes made by new & experienced business owners and how you can avoid them. Sign up for this free Masterclass here, and get ready to unf*ck your biz.
Retirement planning is incredibly important. Before you can begin planning, here are a few questions to ask yourself:
-
Do I have a system to set aside a specified percentage of my business income for estimated state and federal taxes
-
Am I up to date on my past tax returns and tax payments? (If no, check out this post).
-
Am I free of consumer debt? (think everything except mortgages and students loans)
-
Do I have an emergency fund of at least $1,000 saved?
If you answered yes, continue with vigor. If you answered no, I’d recommend starting with my free masterclass. It’ll teach you how to begin working on these steps to unf*ck your biz.
As you begin planning, it's important to first explore the different types of retirement accounts and find which one is best for you. For more information on retirement accounts and to learn about how to plan for retirement as a creative entrepreneur, head to my blog post "Retirement Planning 101 for Creative Entrepreneurs"
