2014 readers choice results
Article posted: 7/14/2013 7:27 AM

Small business owners neglect retirement savings

Buy this photo Buy this photo
next prev 2 of 2
   

Roxi Pfliiger, Dan Johnson, Kari Warberg Block, Andrea Stewart, Becky Smith and Kacey Galster review year-to-date goal progress at Earth-Kind headquarters, in Bismarck, N.D. CEO Warberg Block had a day of reckoning when she realized she had neglected her personal finances to the point where she had little set aside for retirement.

Associated Press/June 2013

Gallery Image

Michael Maher, co-owner of Taylor Stitch, poses for a portrait at his shop in San Francisco. Saving for retirement just isn't a priority for Michael Maher, 28, co-owner of Taylor Stitch, a four-year-old clothing retailer based in San Francisco. He and his partners used their own savings to start and build the company, and they're relying on their cash flow to buy inventory and run the business.

Associated Press/June 2013

About this Article

For many small business owners, the golden years aren't looking so shiny. Many have devoted so much time and money to their businesses that they have failed to plan for retirement. Catch-up plans for these owners usually consist of aggressively putting money aside, or taking another big risk: Planning to sell their companies one day to fund their retirement.
prev next
    • Roxi Pfliiger, Dan Johnson, Kari Warberg Block, Andrea Stewart, Becky Smith and Kacey Galster review year-to-date goal progress at Earth-Kind headquarters, in Bismarck, N.D. CEO Warberg Block had a day of reckoning when she realized she had neglected her personal finances to the point where she had little set aside for retirement.
    • Michael Maher, co-owner of Taylor Stitch, poses for a portrait at his shop in San Francisco. Saving for retirement just isn’t a priority for Michael Maher, 28, co-owner of Taylor Stitch, a four-year-old clothing retailer based in San Francisco. He and his partners used their own savings to start and build the company, and they’re relying on their cash flow to buy inventory and run the business.
    Galleries by Category