223: Live Money Coaching: Setting Yourself Up for a Better Retirement

Today, I’m sharing another Money Coaching session with one of my clients to give you actionable insights to grow your wealth. In this episode, my client and I dive into the financial nitty-gritty of her salon business as she focuses on growing her retirement assets in her mid-50s. You’ll hear about passing costs through to clients, insights for smarter IRA contributions, and balancing between maximizing your revenue and giving back to your employees and your community. If retirement is in the back of your mind — and you’re feeling behind — today’s episode might be just what you need. *Please note, to protect my clients’ identities and respect their privacy, I’ll be using pseudonyms for all money coaching episodes. Here’s what you’ll find out in this week’s episode of Love, your Money: The finances of my client’s salon business Giving back vs. running a business Getting clear about financial goals A money journaling exercise What is your business really about? Acting as a mentor to your employees How to handle profit-sharing in your business Planning for the future Taxes and retirement contributions Show Notes To get access to the full show notes, including all the resources mentioned, visit: https://hendershottwealth.com/podcast/better-retirement Follow Hilary on: Twitter LinkedIn Instagram Facebook YouTube Subscribe to Love, your Money Apple Podcasts Overcast Spotify Google Podcasts Hendershott Wealth Management, LLC and Love, your Money do not make specific investment recommendations on Love, your Money or in any public media. Any specific mentions of funds or investments are strictly for illustrative purposes only and should not be taken as investment advice or acted upon by individual investors. The opinions expressed in this episode are those of Hilary Hendershott, CFP®, MBA.