Investment and Retirement Planning for Business Owners with Pat Darby

I'm excited to share with you my conversation with Pat Darby, Certified Financial Planner™ (CFP®) and Enrolled Agent (EA). Pat and I dive deep into the world of investing and retirement savings for business owners.

Pat stresses the importance of having the right mindset to save for retirement and encourages us to ask ourselves the right questions to ensure we're on track to reach our retirement goals. We discuss how to start with individual accounts, investing in what you're an expert in, and when business owners should start thinking about retirement savings. Pat also shares insights on what financial professionals make sense in your life at different times.

As entrepreneurs, we know the importance of setting clear expectations and communicating effectively with our team. That's why Pat offers tips on how to get your team on the same page with your business goals.

Pat's valuable insights and actionable advice will help any entrepreneur looking to take control of their financial future and plan for retirement.

What you'll hear in this episode:

[4:18] Pat's story of how he got into the finance industry "by accident"

[11:30] Recommended avenues that new business owners should begin looking at to invest their money.

[13:30] Tips to approach the question "How do I know what to invest my money in?"

[20:09] How do business owners know when it is the right time to start looking at investing their money in retirement savings or other wealth-building avenues?

[25:50] How do you know what kind of financial professional to use to help you manage your investments?

[34:45] Why is your CPA not the right person to ask investing questions?

[38:00] The importance of having all of the financial professionals in your business communicating with one another.

[48:00] Advice for business owners on where to look for help with their long-term financial planning strategies.

Connect with Pat:

Online: Darbyba.com

IG + TikTok: @thepatdarby

* Related episodes:

226: Deducting Business Travel

241: Five Key Financial Building Blocks for Your Business

265: Taxes for Real Estate Investors with Chris Picciurro

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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.