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Small business owners could do more to prepare for retirement.
That’s the takeaway from two surveys of small business owners.
A survey of 1,960 small business owners by online small business website Manta found that more than one-third (34 percent) said they don’t have a retirement savings plan.
The most common reasons were:
Meanwhile, 12 percent each said they either don’t see the need to save for retirement, or don’t plan to retire.
A survey of 500 small business owners surveyed for the Spark 401k Small Business Retirement Planning Index showed similar results.
There are a number of ways small business owners can put money aside for retirement.
Of those small business owners who do have a retirement plan, the most common types, according to Manta’s survey, were:
At the Division of Small Business we’re all about helping Delawareans start and grow small businesses, including connecting them to the resources they need to make their business a success now and in the future.
Contact us to see how we can help you.
Related Topics: Delaware Division of Small Business