The Bar Business Podcast: Bar & Pub Owner Profits, Marketing & Operations

How Bar Owners Can Maximize Tax Savings and Set Up a 401k Plan with Matt Ruttenberg

Chris Schneider, The Bar Business Coach Season 3 Episode 140

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0:00 | 26:27

Want to keep more of what you earn and build long-term security for yourself and your team? 

Retirement planning may sound overwhelming — but with the right strategy, it can reduce your taxes, attract better employees, and set you up for the future. 

In this episode, I talk with Matt Ruttenberg, co-owner and Director of Business Development at Life, Inc. Retirement Services. Matt helps businesses, including bars and restaurants, figure out how to set up retirement plans that actually work for them. 

In today’s episode:

  • Why IRAs aren’t always the best choice for bar owners
  • What makes a 401(k) more flexible — and how it can save you money
  • The tax credits that are available right now (they can be big!)
  •  How you can set rules around who qualifies — so you’re not giving money to short-term staff
  •  What to expect when you set one up (it doesn’t take as long as you think) 

Listen now and take the guesswork out of retirement planning for good. 

Learn more about Life, Inc. Retirement Services 

Life, Inc. Retirement Services Website

🔴  Start Here🔴
 
📌 If this is something you’re dealing with in your bar, don’t figure it out alone.

Join Bar Business Nation — the free Facebook group for bar owners talking through staff, slow nights, profit leaks, and better ways to run the business.

📢 Join the group here:
https://www.facebook.com/groups/barbusinessnation

🔴Additional resources🔴
Grab the books “How to Make Top-Shelf Profits in the Bar Business!” and “Menus that Sell” here:
https://barbusinesscoach.com/book/