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The Self-Employed Survival Guide: Retirement, Taxes & Healthcare Tips | Future of Finance Ep. 20
12 Plays9 hours ago
Being your own boss comes with incredible freedom—but also serious financial responsibility. In this episode of The Future of Finance, Marissa Wood and Lisa Green from Union Financial Services dive deep into what every self-employed person needs to know to plan for a secure future.
From setting up retirement plans and understanding Medicare penalties, to leveraging HSAs and preparing for emergencies, this is your one-stop-shop for building a smart, sustainable financial life as an entrepreneur, 1099 contractor, or small business owner.
If you’re wondering how to build your own pension, how to reduce taxes as a business owner, or how to prepare for the unexpected—don’t miss this conversation.
👉 Book a free consultation: https://union-financial.com
⏱️ Timestamps
0:00 – Intro: Why this episode matters for the self-employed
1:10 – The shocking retirement stat: 40% of self-employed save nothing
2:15 – SEP IRAs: What they are and how they reduce your taxes
3:52 – SIMPLE Plans for small teams: A 401(k)-like solution
5:12 – How small biz employees get personalized retirement plans
7:47 – Individual 401(k)s: Double the contributions, double the tax benefits
9:00 – Retaining talent through retirement benefits
10:35 – Roth IRAs for kids? Yep, it’s legal and powerful
12:10 – The #1 expense for self-employed people: Health insurance
15:15 – Medicare trap: Why your income at 63 really matters
18:00 – Triple tax advantage of Health Savings Accounts (HSAs)
19:34 – Don’t forget quarterly tax payments (and how to plan for them)
22:23 – Emergency funds: Why your business needs one too
25:02 – Disability & indemnity insurance: Prepare for the worst
28:17 – Can self-employed people get a pension? Yes—here’s how
30:44 – The reality of self-employment: Best parts & biggest challenges
32:25 – Final thoughts + how to schedule a personal consultation
32:51 – How to book a free meeting with Union Financial Services
Recommended
Transcript
Introduction and Focus on Financial Tips
00:00:09
Speaker
Hi, everyone. Welcome back to the Future of Finance podcast. I'm your host, Marissa Wood, with Union Financial Services. And today, I'm joined with my business partner, Lisa Green. Welcome back, Lisa. Thank you very much. As always, it's great to be here.
00:00:24
Speaker
Our episode today is all about financial tips for the self-employed individual. So if you're self-employed or you're thinking about becoming an entrepreneur and going out on your own, this episode is for you.
Challenges and Rewards of Self-Employment
00:00:37
Speaker
So thanks, Lisa, for coming. Sure. I think you invited me because I have been self-employed for most of my life. Yeah, pretty much your whole life, right? Yes. It's been challenging at times.
00:00:49
Speaker
It's been very hard, and then it's been very rewarding. I'm so fortunate to have been successful most of my life with being self-employed.
00:01:00
Speaker
there There are some some things that we have to talk about, though. Yeah, I mean, in theory, it it sounds great being self-employed. You have the flexibility, the freedom.
Retirement Savings Crisis for Self-Employed
00:01:10
Speaker
Sky's the limit on what you can earn, but it comes with its set of challenges, all One of the main challenges that we've seen and one of the reasons we wanted to have this episode today is that 40% of self-employed individuals in America have nothing saved for retirement.
00:01:27
Speaker
Now that's amazing. 40%, that number is staggering. it is, and that's actually very sad because you need to know being self-employed, you have to do this on your own. You have to work with a financial advisor. You have to work with great accountants.
00:01:44
Speaker
You have to be able to provide for your retirement. This is not just, oh, I'm making great money during my career, and then all of a sudden, five years away from retirement, start to think about it.
00:01:57
Speaker
Yeah, I think probably why that happens is because anyone that works for a big company has the 401k plan and they're automatically enrolled.
00:02:08
Speaker
It's automatically deducted from their paycheck. It's kind of a no-brainer to just have it set and forget. Whereas if you don't have that... You have to take a couple extra steps, and I think most people don't even wear it they don't even know where to start. So let's talk about
Retirement Plan Options for Small Companies
00:02:24
Speaker
those steps. yeah For the self-employed person, you know maybe it's a small company, maybe it's two employees, 10 employees, 20, 25 employees. But at that point, let's talk about what's available for the small company, whether it is 401k plan, SEP, simple plan,
00:02:47
Speaker
There are so many different options for them and that's what we do. We set up many different businesses on their retirement plan for their employees. So let's walk through those steps.
00:03:00
Speaker
Yeah, so I mean, for the self-employed individual, they might want to look at a SEP IRA plan, which the whole appeal to a SEP is that you can defer a good portion of your income, so it it reduces your taxable liability. I think, you know, right now, the maximum that you can defer is up to 25% of your income.
00:03:24
Speaker
of yo taxable income from self-employment into that SEP IRA up to a limit. And so not only are you reducing your taxes, but you are saving for your future. And you can do it yourself with the help of an advisor. So that's
Comparing Simple Plans and 401ks
00:03:40
Speaker
the SEP IRA. I know me and you both take advantage of that. We do. We do. And once again, working with it an accountant that helps us along the way tells us this is the max that you can contribute to your SEP this year. This is you know what you need to do in order to save on taxes. So we're building our own retirement plan.
00:04:01
Speaker
as individual employers. you know and you know We're just we'rere a small company, so we need to have our retirement plan set. Now, the simple plan is a great plan for maybe you know anywhere from five to 30 employees.
00:04:22
Speaker
And how that works, it works just like a four ah one k But it's simplified. Okay. So there's not the reporting with a 401k. 401ks are a little bit expensive because you need to have a third-party administrator.
00:04:39
Speaker
I know you work on many, many simple plans for a lot of different companies. and you make it... easy. You make it simple. You make it seamless. So you work with sometimes the payroll department. Sometimes if it's a smaller company, there's just a few people and and the owner may be the person that's in charge of that. And so how do you do that to make it work like the 401k, but it's the simple plan?
00:05:12
Speaker
So the simple plan, yeah, truly does work just like a 401k. The employees can have payroll deducted contributions and then the employer, the company, can match up to a certain percentage. And so the employer is getting the tax benefit as well as the employee and it's helping them both save and have a plan set
Retirement Planning for Solopreneurs
00:05:32
Speaker
up. ah The only difference, like you said, is less reporting, so you don't need that third-party administrator. And the limits that you can contribute each year are a little bit less than the 401k, but they're still relatively high compared to just a traditional IRA. And so the way we set them up is, yeah, I'll work directly with either the business owner, their bookkeeper, their payroll department. and we enroll each employee as their own individual client.
00:06:01
Speaker
That's important too, because each employee gets to feel like this is their own plan. They're not just one number in a large company. We know their name. As a small business, we treat each small business employee As an important client, that's that's the way we run our business and I think why we're very successful. um And so the simple plans are great. Like you said, for any companies between maybe five and 30 employees, that seems to be the sweet spot. And we just have a conversation with the business owner. How much do you want to match each year? who do you want to offer this to? can change that annually, correct? Oh, yeah. m Yeah. Maybe they start out at 2% and after a couple years, they increase it to 3%.
00:06:47
Speaker
Kind of as an incentive for the employees to get involved. So the point is with with the simple plan, it works just like the four ah one k And, you know, we see people that come in to us and they've worked their whole lives and maybe they're a few years out from retirement, maybe they are retired.
00:07:07
Speaker
But a lot of people, the majority, if not all of their investment is in that 401k. That retirement investment is all in the four ah one k So we know the ease that people have with contributing to that 401k plan.
00:07:27
Speaker
The same thing can be said for the simple plan. Yeah, absolutely. And business owners need to take advantage of it, need to investigate it. And once again, working with a financial advisor and an accountant and the bookkeeper in the company, everybody works together and it creates a retirement plan for those employees.
00:07:47
Speaker
It's great. Yeah. Now for our business owners that maybe they're solopreneurs and it's just them in the company, we can talk about the SEP IRA again or maybe an individual 401k if they really want to maximize contributions because the cool thing with the individual is you can contribute as the employer and the employee.
00:08:11
Speaker
So you really get a lot of tax benefits there. i know a few of our high-wage earners, such as realtors, attorneys, they like taking advantage of that individual 401k because they want to be able to put aside the maximum possible every year for their future and bring down their taxable income. Right. So the point is, is with small businesses,
00:08:35
Speaker
There are many, many options for retirement plans, and you have to start. you know Saying that statistic of 40% don't have a retirement plan, that's not going to
Employee Benefits for Small Businesses
00:08:50
Speaker
work out.
00:08:50
Speaker
That is going to implode your entire... career of of being that self-employed individual and and being so proud of that business that you probably have grown. But if you don't have the complete business, and part of that is a retirement plan. And also, you know, for for small businesses, in order to retain employees, you need to be able to offer benefits. Mm-hmm.
00:09:15
Speaker
And so think about that. That's true. Yeah. It's very important to have something, you know, some incentive. Well, you know, if if a person can go to ABC company and it's a large company and they have that 401k plan, they may choose that company as opposed to a smaller company. company that has the same thing to offer, but maybe they didn't take advantage of it. Maybe that employer needs to look into things a little bit better.
00:09:44
Speaker
Yeah, it's it's well worth it. And whatever that match is that you're contributing as an employer, you're getting the tax savings anyways, and you're retaining valuable employees, not having to rehire and rehire and retrain. So it's it's well worth it. Right.
00:10:01
Speaker
um Now talk to me a little bit about another option that business owners have with the Roth IRA and maybe...
00:10:11
Speaker
if they employ their children and taking advantage of of that plan. That's that's a ah clever, we found this to be pretty interesting. We have ah several small businesses that, you know, they they want to do something for their children. You know, whether their children are teenagers or oh Even preteen. So, for example, we have one company that is a cleaning business. They clean office buildings.
00:10:42
Speaker
And they have teenage kids. And so the business owners have opened up Roths for their children and hired their kids As helpers, they pay them a little salary, but at that point, they're able to contribute to the Roth for their kids, even if the kids are 10 years old. They don't have to wait until they're 18.
00:11:09
Speaker
But having that LLC, having that company, and having some sort of a plan inside the company, they can... start saving for their children's retirement tax-free. And it's a great option. So there are a lot of different um advantages to being self-employed, to utilizing yeah the all the all the things, whether it's tax-free now or tax-free later. There's a lot of different things that we have at our fingertips.
00:11:42
Speaker
But once again, going it alone is a little bit difficult. Yeah, yeah. I think, you know, part of having an advisor is really just having someone to hold you accountable. Right.
00:11:54
Speaker
To meet meet those contributions every year and to stay on the course because oftentimes if we don't have someone, especially as business owners, we're in charge of everything. We need a couple people holding us accountable and checking in on us to making sure that we're staying the course of our plan. So true. It's Because a big part of being self-employed is discipline, let's face it.
00:12:16
Speaker
You need to be able to be disciplined and motivated. Now, if you have that advisor in your ear saying, we have to make that that contribution to your retirement plan, you know, let's let let's set this up, let's do this monthly, then It's very important because then you're not all out on your own. Exactly. Now, yeah, for anyone that's that's watching and you are self-employed or you're thinking of starting a business or you have a business and you don't have any of these retirement plans set up, let's have a conversation. Like we said, those are just a couple of the options. We've really only scratched the surface of that. But we can dive deeper and it doesn't ever cost anything to have a conversation with us about that.
00:12:56
Speaker
Yes, and even even if you're not self-employed, say if you're a 1099 commission good person. Once again, you need to start planning for that retirement. There's plenty of people that are just 1099, work on commission, and are going it on their own and don't know what they can do, especially with 1099 with tax savings. you need to You need to really take advantage of that.
00:13:24
Speaker
Good point. I like
Health Insurance Challenges for Self-Employed
00:13:26
Speaker
that. Yeah. Now talk to me about, i know this has been one of the downsides of being self-employed over the years, and that is health insurance. We know health insurance plans are expensive for individuals. Yeah.
00:13:40
Speaker
How has that been with your experience? That has been the biggest expense throughout my career. Health insurance is very, very expensive. And then most small businesses have a plan that has very high deductibles. So it has been truly a hurdle.
00:14:01
Speaker
And it's it's a big cost of, so once again, with being self-employed, for those people that are maybe thinking about it, because I know that lot of Gen z you know they want to be their own boss. yeah There are a lot of variables to take into consideration. Health insurance is a huge expense. Now, once again, work with a professional. There are many healthcare professionals that can set you up possibly with a group plan with other small businesses and maybe get you that premium that's not as as high or maybe a lower deductible because that has been –
00:14:41
Speaker
it's always It's always an issue with health health care. You know, when we have election years, the politicians are always talking about how to fix the the health care issue. um Sometimes they they have made some good corrections. Now, the one thing that I would like to mention...
00:15:01
Speaker
For those people that are going to be, you know, on they're on their way to collecting, meant being part of Medicare. You know, they're going to be 65 in a few years. And you start to get all these postcards in the mail starting at 62. Now, the very interesting thing about how Medicare is based, there's a program called IRMA. IRMA Income Related Monthly Adjustment. Now you're going to say, what is that?
00:15:31
Speaker
Well, interestingly enough, when you're 63, that is what your Medicare payments are based upon, your income for 63. Mm-hmm.
00:15:43
Speaker
If you make over a certain amount, there is a surplus amount added to your Medicare monthly bill that you may not be aware of. There's so many people that I know of that are self-employed.
00:15:58
Speaker
And is... year of income at age 63 is so, so important because if you are self-employed, maybe you can adjust your income down a little bit and maybe defer some to the following year so that when you do apply for Medicare at 65, your age 63 income is not going to put you over that limit.
00:16:25
Speaker
Once again, there are healthcare professionals. A lot of them specialize in Medicare. So to get this right, We always, you know, we have to pay something for Medicare. I think right now, what is it? 180 or so a month. Now, if your income at age 63 is above the threshold of IRMA, maybe instead of paying that 185 a month at Medicare age, now you're paying 250 or 300 a month. Is that correct? Yes. You could pay up to $600 a month. Wow. Where people are just, you know, they can't wait to get on Medicare. And then all of a sudden, They say, well, it's it's not any cheaper than my private insurance. What happened here?
00:17:07
Speaker
And it's an interesting thing that a lot of 63-year-olds don't know. Now, a lot of 63-year-olds that are working for a company, and if they're making a lot of money, there's nothing really that they can do yeah about adjusting that salary. Maybe there is, maybe there isn't. But as a self-employed individual,
00:17:25
Speaker
We can be smart about it that year. You can, yes. You know, like I said, maybe defer some payments until the following year. Max out your 401k that year. there' There's the best.
00:17:37
Speaker
That's the best strategy. Yeah. Yeah. So keep it in mind. That's a great tip that I'm sure majority of our listeners have no idea about. No, no. And the government probably doesn't want us to know that either. Say if you say if you have a ah property that you want to sell, maybe don't sell it when you're 63. Maybe hold on to it for another year or do it when you're 62. There are different...
00:18:04
Speaker
Different avenues that you can try that can hopefully keep you under that threshold because that added premium to your Medicare bill can last for many years. You know, now, of course, you can reapply and get it readjusted, it's never easy. That's a whole other step. Yeah. Mm-hmm.
00:18:25
Speaker
That's a great point. And staying on that topic of health insurance, now, of course, we're not health insurance professionals. We work with a couple independent health insurance agents, and that's usually the route we recommend people go. But there are accounts called health savings accounts, HSAs, that if you do have a high deductible plan, you might want to look into opening an HSA to help you cover those deductibles in the future.
00:18:51
Speaker
And the great thing about an HSA, they're one of the few accounts that have triple tax advantages, meaning what you contribute to them is tax deductible to you.
00:19:02
Speaker
It grows tax deferred. And then if you use it for qualified medical expenses, it comes out tax free. That's amazing.
00:19:13
Speaker
that's so That's a very good tip for an employee, an employer that can utilize that
Tax Planning and Self-Employment Responsibilities
00:19:22
Speaker
HSA. Yeah.
00:19:24
Speaker
Triple tax deduction. They are they're a good... Route to combine with a high deductible plan if that's the if that's the health insurance plan that you have in place. So something to look into. That's great.
00:19:35
Speaker
You know, one more thing about taxes, and we're not tax professionals either. Of course, we cannot give true tax advice, but... Prepare for your taxes.
00:19:46
Speaker
Pay quarterly estimates. I think you have to, don't you? You have to or else you do get penalized. If you don't if you don't keep up with those quoteru quarterly estimates, you know the government wants, as a self-employed person, you're not having all of those taxes. Most people are not having all of those taxes taken out of their biweekly paycheck. Mm-hmm.
00:20:11
Speaker
So if you do, and and for a 1099 person. So you must make those payments quarterly and they must be fair and legitimate. You can't just say, I'm just going to pay $1,000 in the first quarter. It has to make sense with what you are making that year. Now, a lot of people that are self-employed, they have maybe not a pinpoint number on what they're going to make that year.
00:20:40
Speaker
But... You have to be realistic and either base it on the previous year's income or your speculated reach for that income for that year. So you need to make those quarterly payments. And once again, you have to be disciplined. Okay. If $10,000, that your pocket.
00:21:05
Speaker
it it has to Part of that has to go towards taxes. And once again, the taxes pay towards Social Security. They pay towards all of your ah benefits that you're going to get, the Medicare. So you have to pay in order to have those benefits later in life. I know it it hurts writing out those estimated payments. and None of us want to do it.
00:21:28
Speaker
And another misconception is that each payment has to be the same, and that's not true. You just said a lot of us don't know exactly what we're going to be making for the year when we're self-employed, but maybe by midway through the year, we know that it's a banner year.
00:21:44
Speaker
yeah And so that third estimated payment, we have to increase it. You do? As much as we don't want to, right we have to. And if if by the end of the year, say if then that in that fourth quarter, nothing you know you just don't have a great fourth quarter. yeah Well, you still need to make that estimated tax payment.
00:22:04
Speaker
And if it needs to carry over to the next year, that's possibility once again. As self-employed people, you need to work with a good accountant and a good financial advisor. And we've also added the health care advisor on that family of of need. The other thing that is a bit of a challenge as being self-employed, and I've seen it myself, we've seen it with clients, is you have to prepare for the unexpected.
Emergency Funds and Crisis Management
00:22:36
Speaker
with both your income and life itself. We always talk to everyone about having an emergency fund with about six months worth of living expenses.
00:22:48
Speaker
But once you're a business owner, you need to have an emergency fund for your business as well with at least three months worth of business expenses. And that should be separate from your household.
00:23:00
Speaker
um That needs to be kept separate. Yeah. Tell me a little bit more, too about some of the unexpected things we need to plan for. So we all remember COVID.
00:23:13
Speaker
Self-employed people were or in a very bad way. You know, there there was no income coming in. You know, the government tried to pick it up along the way, but you have to have at least three months of a safety net separate from your personal.
00:23:32
Speaker
So once again, self-employment is great. You have freedom, but boy, do you have a lot of responsibility. And if if you don't do it right from the beginning,
00:23:47
Speaker
you're going to fail. You know, there there's there's this statistic that is not a pleasant statistic for startup businesses, for entrepreneurs. Most don't make it past five years. They don't. And and it's because of lack of planning.
00:24:02
Speaker
You know, of course, it could be from lack of income. But if you do the planning correct, that income should follow. you know We have a lot of resources at our fingertips.
00:24:15
Speaker
Young people, you have AI now that's going to it's probably going to calculate if you're going to be successful in whatever career you're you're looking at. um There are a lot of different resources that are out there that hopefully can give you a little boost along the way.
00:24:33
Speaker
um But planning is key Yeah, and plan for the catastrophic events that you don't want to happen and that you don't even want to think about. Have a plan in place so that you don't have to think about them.
Indemnity and Disability Policies
00:24:48
Speaker
Such as disability insurance. Exactly. Right? Say if you're self-employed and you fall off a ladder cleaning, you know, theres there's things that need to be put in place. That's another insurance. I mean, disability insurance, that's another bill. Mm-hmm.
00:25:05
Speaker
But that can help you get past that catastrophic event. So something to think about as well. Now, if you work at a desk, you know, maybe it's a little bit different than if you work, you know, in construction or, or you know, with your hands. and And if you get injured, you'll have no income.
00:25:26
Speaker
yeah Things to think about, things once again to confer with it and a professional. You know, you've got to talk about insurances. You've got to talk about the what-ifs. So...
00:25:39
Speaker
Yeah, something I even learned about recently is called an indemnity policy. And it's it's kind of like a disability policy. I think you can combine them. But indemnity means it pays you. It doesn't just reimburse you for expenses. So say if you go into the hospital and have a surgery or you go into the hospital and have a baby, C-section, regular delivery, whatever it may be, each type of ailment or event that happens has a certain payout to the client.
00:26:12
Speaker
And so you're really receiving money for going into the hospital. And this is separate from your health insurance. And that can be the difference maker in keeping your business expenses paid. yes i mean, especially self-employed, we don't get maternity leave. right So maybe getting creative with an indemnity policy, some type of alternative disability policy, can help you get through those lower income years. Yeah, that's good information. So once again, making that $10,000 doesn't go into your pocket.
00:26:49
Speaker
There are a lot of expenses that must come out. But if you plan for that, and if you have guidance in that, you can be successful. Yeah, I mean, living below your means is key.
00:27:04
Speaker
We don't want to spend every dime we have. And as entrepreneurs, the income can just increase and increase and increase if we're doing it right. But let's not have our expenses and lifestyle just keep increasing, increasing, increasing. Because, man, we know it happens. That happens. That happens next time you see that person driving that great sports car or buying a boat. Yeah.
00:27:28
Speaker
Yeah. Back that down a little bit. Yeah, exactly. We know you want to spoil yourself, but be realistic. Yeah, hit all these other goals as well. Right. that's And that's probably, you know, it's human nature to want to spoil yourself after you've worked so hard. A lot of self-employed people work six, seven days a week. You know, there's there's not that time off. You know, there's not that free weekend. So the tendency to spoil yourself is there.
00:27:56
Speaker
But understand that moderation is very important and that'll that'll suit you in the long run. Yeah.
Creating Pension-like Security for Self-Employed
00:28:04
Speaker
Now the last thing I do want to just bring up and really just scratch the surface on is the idea of having a pension.
00:28:13
Speaker
And I think a lot of people take certain jobs because of the pension, federal, state employees. It's appealing, that idea of they're going to pay me as long as I live and i know I'll never run out of money in retirement.
00:28:27
Speaker
That's I think a lot of people take positions for that. i agree. And unfortunately, the self-employed individual doesn't really have that luxury So they think.
00:28:39
Speaker
We can make a self-employed individual a pension. We can get that pension in place and it will work almost exactly like the pension where it's going to pay you for life.
00:28:53
Speaker
The one difference is when you do pass away, that death benefit can be left to your heirs. In a lump sum of cash. In a lump sum. That's what's different from the pension. The pension, it depends on if you take a single or a joint pension, but there's never a lump sum left over. We have an investment that will...
00:29:16
Speaker
literally create a pension for an individual, for a joint husband and wife or spouse. You know, there's there's so many different types of investments that work just like a pension that is very exciting. You know, when when we meet people and they say, have a pension, they're so thrilled. And they should be because it's a it's a great retirement tool.
00:29:41
Speaker
Mm-hmm. Well, the insurance industry and the investment world has decided that we can offer that individual a pension-like retirement that you cannot cannot outlive and there will be a death benefit for benefit for your heirs. How nice is that? It is. It's great. There's a lot of different investment vehicles that can provide this type of plan. So if you're within, i would say the sweet spot is about 10 years of retirement, we can start looking at investment options to create your own pension.
00:30:16
Speaker
It's exciting. Yeah. it's its Yeah. I'm glad we're do a whole i yeah we're ending it it on the pension because it is it is truly a gift for those self-employed people that they can even offer to their employees for Through an advisor, okay, so we have that simple plan set in place, but you know maybe you can help that person with a pension for down the road. it's It's amazing. Yeah, and roll that simple IRA right into something that will provide them with income. That's great.
00:30:52
Speaker
Yeah. Now, one last question. ah Because you've been self-employed nearly your entire life and you've taught me so much about the discipline and the work ethic behind being self-employed, what would you say the best part is and the most challenging aspect of self-employment is?
00:31:12
Speaker
So we've probably touched on this slightly, but it's an individual question. So ah the best part is, of course, having freedom, having that ability to be rewarded for hard work. Being your own boss is nice. You know, that it that is nice because if you are responsible and you have integrity, you can succeed at being your own boss. The biggest challenge is planning, whether it's financial planning, whether it's tax planning, whether it's healthcare planning, that is a big challenge. And we've touched on that. And we have to we have to understand that it is not a fly by night type of thing where, oh, okay, I have an extra $5,000. I'm going to put that into IRA. That's not the way to do it. You have to be disciplined and you have to plan properly. and you have to execute those plans. And and so the the plus of being your own boss can be that challenge as well. Yeah, I think it's really just having some accountability partners in there because then you can enjoy yourself and have that freedom because everything else is is working in the background for you. Right. um
00:32:29
Speaker
Well, I think those were a lot of great points, and I'm sure all of our self-employed listeners or those that are thinking about starting their own business will find some great tips in this episode. And obviously, we can dive into it more on an individual basis as well. We'd be happy to answer anyone's questions. If you do have a specific question or you're self-employed, maybe want to start one of those retirement plans for yourself or company, feel free to head to our website, union-financial.com. You can click the Book a Meeting button, and it'll take you right to our personal calendars, where you can schedule a phone call, Zoom call, or in-person meeting, always complimentary with either myself or Lisa.
00:33:10
Speaker
And for everyone else listening, thank you so much for tuning in to another episode of the Future of Finance podcast. I'm your host, Marissa Wood, with Union Financial. This is Lisa Green, also with Union Financial. and Thanks for having me again.
00:33:24
Speaker
We look forward to helping you all live a better financial future.
00:33:29
Speaker
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