How Bar Owners Can Maximize Tax Savings and Set Up a 401k Plan with Matt Ruttenberg

Want to keep more of what you earn and build long-term security for yourself and your team? 

Retirement planning may sound overwhelming — but with the right strategy, it can reduce your taxes, attract better employees, and set you up for the future. 

In this episode, I talk with Matt Ruttenberg, co-owner and Director of Business Development at Life, Inc. Retirement Services. Matt helps businesses, including bars and restaurants, figure out how to set up retirement plans that actually work for them. 

In today’s episode:

• Why IRAs aren’t always the best choice for bar owners
• What makes a 401(k) more flexible — and how it can save you money
• The tax credits that are available right now (they can be big!)
•  How you can set rules around who qualifies — so you’re not giving money to short-term staff
•  What to expect when you set one up (it doesn’t take as long as you think) 

Listen now and take the guesswork out of retirement planning for good. 

Learn more about Life, Inc. Retirement Services 

Life, Inc. Retirement Services Website

Learn More:
Schedule a Strategy Session
Bar Business Nation Facebook Group
The Bar Business Podcast Website
Chris' Book 'How to Make Top-Shelf Profits in the Bar Business'

Thank you to our show sponsors, SpotOn and Starfish. SpotOn's modern, cloud-based POS system allows bars to increase team productivity and provides the reporting you need to make smart financial decisions. Starfish works with your bookkeeping software using AI to help you make data-driven decisions and maximize your profits while giving you benchmarking data to understand how you compare to the industry at large.
**We are a SpotOn affiliate and earn commissions from the link above.

A podcast for bar, pub, tavern, nightclub, and restaurant owners, managers, and hospitality professionals, covering essential topics like bar inventory, marketing strategies, restaurant financials, and hospitality profits to help increase bar profits and overall success in the hospitality industry.