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Working with Small Business Owners

Millions of Americans have worked their entire lives to build small businesses from the ground up, but have they given any thought to how they will retire after their success?

Though small business owners tend to be “do-it-their self-ers,” they need help planning for retirement just like anyone else. You may be able to help them!

Let’s get started.


First, learn about who small business owners are, the various kinds of small businesses, and how they grow and expand by checking out these three flyers.

Next, find out which small business owners to approach and how to talk with them about retirement solutions.

1. Source: BWO Wealth Management: As a business owner, do you have a retirement contingency plan? U.S. Edition – October 2016.


This material is being provided for informational purposes only, and was not prepared, and is not intended, to address the needs, circumstances and objectives of any of individual or groups of individuals. New York Life and its affiliates are not making a recommendation that any of your particular clients purchase any specific products.

The U.S. Department of Labor has adopted new fiduciary regulations (the “DOL Rule”) that apply to IRAs and plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) on and after the DOL Rule's applicability date. Brokers, registered representatives and distributors should consult with their own tax and legal advisors regarding the impact of the DOL Rule. Please understand that New York Life, its subsidiaries, agents, and employees do not provide legal, tax, investment or ERISA advice.

Annuity products are issued by New York Life Insurance and Annuity Corporation, a wholly owned subsidiary of New York Life Insurance Company, 51 Madison Avenue, New York, NY 10010. Products are available in jurisdictions where approved. Guarantees are based on the claims-paying ability of the issuer.

Annuities | Not FDIC/NCUA Insured | Not a Deposit | May Lose Value | No Bank Guarantee | Not Insured by Any Federal Government Agency

SMRU 1756037 Exp. (11.13.2019)

Did you know…

75% of small business owners consider their business to be their retirement plan?1

However, when asked how much their business was worth, 19% couldn’t give an estimate?1

55% of small business owners estimated that their business was worth less than $500,000?1