Business Exit Success

Author: Tom Poltersdorf Jr.

A podcast dedicated to helping business owners: Maximize Business Value - Optimize Personal Finances - Reach Financial Independence If you are a small business owner looking to exit your business within the next 5 years, this podcast is designed to help you understand the logistical details and necessary preparation steps to plan well for your transition. Hey there! I'm CERTIFIED FINANCIAL PLANNER Tom Poltersdorf Jr. and each week I'll be answering your top questions and help you successfully exit your business on your terms. Tune in weekly for new episodes to gain the knowledge and actionable steps to help you map out your successful business exit strategy.
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Language: en

Genres: Business, Entrepreneurship, Investing

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Ep #118: 401(k) for Business Owners Explained: Traditional vs Safe Harbor, Contribution Limits, and Common Myths
Thursday, 1 May, 2025

WANT MORE BUSINESS PLANNING TIPS? Subscribe to the Newsletter! As a thank you, you'll receive a copy of my free eBook, "Exit & Succession: How to Increase Business Value & Prepare For a Sale or Succession." Click here to subscribe and grab your free guide. Are you ready to sell your business and retire? Get your free assessment: https://beyondyourexitwm.com/free-readiness-assessment Are you a business owner looking to build wealth and lower your tax bill? In this episode, we break down everything you need to know about setting up a 401(k) retirement plan for small businesses — including how to choose between a Traditional 401(k) and Safe Harbor 401(k). You’ll learn how to leverage the 2025 contribution limits, automate your savings strategy, and avoid costly mistakes with the help of a Third-Party Administrator (TPA). Key Topics Covered: Common myths about 401(k) plans for entrepreneurs and small business owners Safe Harbor 401(k) vs Traditional 401(k): pros, cons, and compliance differences 2025 401(k) contribution limits and how to maximize them The role of TPAs in managing and optimizing your plan How to automate your retirement investing strategy Whether you're a solo entrepreneur or have a growing team, this episode is your guide to creating a tax-advantaged retirement plan that helps secure your financial future — without relying solely on selling your business.