⭐ Retirement Plans Every Small Business Owner Should Know About
Because “winging it” is not a wealth strategy, babe.
Running a business means wearing every hat imaginable — CEO, bookkeeper, marketer, therapist, dog mom, everything. But one hat you cannot forget? Your future self’s CFO.
Retirement planning isn’t just for big corporations with fancy water fountains. It’s for you — the woman building something from scratch, hustling her heart out, and wanting to actually reap the rewards.
Let’s break down the retirement plans that make the biggest impact for small business owners, minus the jargon and eye rolls.
1️⃣ SEP IRA — The “I Have No Employees, Leave Me Alone” Plan
If it’s just you (or you + a spouse), the SEP IRA is a dream.
Why people love it:
Stupidly easy to set up
Huge contribution limit (up to $69,000)
Perfect for inconsistent income
You contribute up to 25% of your net earnings.
If you ever hire employees? You must give them the same percent.
So yeah… this is a solopreneur honey type of plan.
2️⃣ SIMPLE IRA — The “Small Team, Big Heart” Plan
If you’ve got a few employees and want something more legit than a personal IRA but less chaotic than a 401(k), this is your lane.
Highlights:
Easy to run
Low-cost
Employees can contribute
Employer match required (2–3%)
Employee limit is $16,000.
It’s simple. (Hence the name.)
Ideal for businesses with 1–10 employees who want to offer benefits without the headache.
3️⃣ Traditional & Roth IRAs — The Basics Every Business Owner Still Needs
Yes, even as a business owner, you can (and should) still use the personal retirement account staples.
Traditional IRA
→ lowers taxable income today
→ great for high-earning years
Roth IRA
→ tax-free growth forever
→ my favorite option for women in their 20s–40s
→ perfect for lower-income or “building years”
These pair beautifully with either a SEP or SIMPLE.
No need to overthink it.
⭐ So Which One Should You Pick? (The Foxy Short Answer)
If you're a solo business owner:
→ Start with a SEP IRA
If you have a small team:
→ SIMPLE IRA is your girl
If you’re in the early stages and money’s tight:
→ A Roth IRA is still gold
If you love saving on taxes:
→ Any of these plans will help you keep more of what you earn
💡 Final Thought
Women business owners tend to put themselves last.
Retirement planning flips the script.
It’s how you build wealth with intention, keep Uncle Sam out of your pockets, and secure the future you deserve — not just the future you stumble into.
If you’re ready to get serious about business-owner wealth building… this is where it starts. 🦊✨
