They’re often open seven days a week, working 24-hours a day, and always saying yes to the next big opportunity. These are America’s business owners, working 50-plus hours per week, far more than the national average of 33.8 hours per week reported by the Bureau of Labor Statistics. These entrepreneurs are working hard and investing daily in their business, but do they invest in their own retirement?
Unfortunately, building a successful company doesn’t automatically guarantee a successful retirement. Entrepreneurs face a unique set of challenges when it comes to retirement planning, and there are many risks most people don’t see coming until it’s too late. The following five stories shed light on the biggest blunders and alert business owners to the two questions they need to have answered before they can retire in the manner that they deserve.