Retire on Your Terms: Retirement Planning for Trades Business Owners

Why Retirement Planning Matters for Trades Owners

As a self-employed tradesperson, you may not have a company 401(k) or pension waiting for you. Without a plan, you risk working longer than you want or relying on selling your business to fund retirement. The right retirement strategy can save you taxes now and build wealth for later—without disrupting your business.

Top Retirement Options for Trades Owners

Here are some retirement plans you might want to consider:

• Solo 401(k): Contribute up to $69,000 annually (2025 limit), including employee and employer contributions, to reduce taxes and save for retirement.

• SEP-IRA: Designed for solo owners or small teams, allowing contributions up to 25% of net earnings (up to $69,000 in 2025).

• Roth IRA: Save after-tax dollars for tax-free withdrawals in retirement, designed for individuals who expect lower taxes later in life.

• Cash Balance Plans: For high earners, combine with a Solo 401(k) to save even more for retirement.

3 Steps to Start Your Retirement Plan

• Book a Free Retirement Consultation: Visit Clem Financial to schedule a no-obligation chat. We’ll discuss your goals and current savings.

• Get a Custom Plan: We’ll design a retirement strategy that fits your business and lifestyle, from Solo 401(k)s to IRAs.

• Build Your Future: With our guidance, start to implement the plan with regular reviews.

Let’s Secure Your Retirement

You’ve worked hard to build your trades business—don’t let retirement catch you off guard. At Clem Financial, we’re here to help you save for the future and retire on your terms. Visit Clem Financial or call (907)382-3318 to book your free consultation today.

Call to Action: Know a tradesperson who needs a retirement plan? Refer them to  Clem Financial! Share this post in your trade groups or send us their contact info to help them plan ahead.