Whether you’ve owned your pharmacy or pharmacies for years or you’re just now buying a pharmacy, there’s more you can do to prepare for retirement. In this video, Ollin talks about the many ways to combine retirement plan options to maximize your retirement savings and decrease your tax burden.
Ollin discusses how to accelerate savings as you get closer to retirement. He explains that there are ways to section retirement plans and add to them over time. Because of the high level of flexibility in plans and how they’re funded, this can work at a variety of income levels. The important first step is to find a professional with pharmacy business experience and no conflict of interest, who has your long-term financial wellbeing as their goal.