Self-employed people often skip retirement savings because cash flow is inconsistent, taxes are confusing, or they simply don’t know which plan is best.
Most small business owners don’t know what their business is worth—making it impossible to plan an exit, sell, or protect the business.
If something happens to the owner (retirement, disability, death), the business could collapse, harming family income and employees.
Many small business owners are underinsured or overpaying for policies that don’t protect them.
Without employer withholding, taxes can feel overwhelming, leading to overpaying, underpaying, or unnecessary penalties.
Self-employed income rises and falls—making it hard to plan for savings, emergencies, payroll, and personal budgeting.