Over half of Australian SME owners under 50 haven’t done any retirement planning and experts say that they are leaving it too late to prepare their businesses for sale. The latest instalment of MYOB’s SME Snapshot highlighted that one third of surveyed small business owners are not contributing to their superannuation and while 44% believe they will need $1 million for a comfortable retirement, more than half have little belief they’ll get there. Read the full article here: http://www.smartcompany.com.au/finance/75466-relying-business-help-fund-retirement-start-preparing-exit-now/
This article was suggested by our mentor Bob Joubert