Everything You Need to Know about Retirement Planning for Business Owners with Courtenay Shipley - 437

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Shownotes can be found at https://www.profitwithlaw.com/437.

Welcome to another insightful episode of the Profit with Law Podcast! In today's episode, Moshe Amsel is joined by retirement plan expert, Courtenay Shipley, to delve into the intricacies of retirement planning as a business owner. This conversation explores everything from maximizing contributions to 401K plans and passing non-discrimination testing, to the complex world of profit sharing and cash balance pension plans.

Courtenay shares her compelling backstory, explaining how a bad experience with her employer led her to establish her own firm. Together with Moshe, they discuss the competitive landscape of retirement planning, the strategic use of employer contributions, and the crucial role of tax considerations in retirement planning. Small business owners will gain valuable insights on structuring compensation packages to attract and retain top talent, with actionable tips on profit sharing and deferred compensation plans.

Tune in now for actionable insights that could transform your business and enrich your employees' futures!

Chapters:

[00:00] Introduction to Courtenay Shipley

[06:45] Maximizing 401K Contributions for Business Owners and Employees

[16:07] QBI - Qualified Business Income Deduction

[20:15] Employee Incentives

[27:47] Handling 401k Plans Effectively

[31:46] Which Retirement Plan is Right for You?

[35:32] Retirement Plan and Taxes

Resources mentioned:

Take the Law Firm Growth Assessment and find out how you rate as a law firm owner!

Check out our Profit with Law YouTube channel!

Learn more about the Profit with Law Elite Coaching Program here

Connect with Courtenay Shipley: LinkedIn | Company’s LinkedIn | Website

Episode 40 - Lessons From The Life Of A Giant

retirementplanology.com/learnmore

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LinkedIn - https://www.linkedin.com/in/mosheamsel/

Kapitler

1. Introduction to Courtenay Shipley (00:00:00)

2. Maximizing 401K Contributions for Business Owners and Employees (00:06:45)

3. QBI - Qualified Business Income Deduction (00:16:07)

4. Employee Incentives (00:20:15)

5. Handling 401k Plans Effectively (00:27:47)

6. Which Retirement Plan is Right for You? (00:31:46)

7. Retirement Plan and Taxes (00:35:32)