If you don’t have a retirement account, start one. Up to a point, the money you put into an IRA, SEP or 401(k) is tax exempt until you start drawing it out, many years hence. Put money into it regularly, ideally every week or at least every month.
The Partners in Business program is produced by Overdrive and the consultants at ATBS, the nation’s largest owner-operator business services firm. The program is sponsored by TBS Factoring Service.