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Small Business Owners Neglect Retirement Savings

By Joyce M. Rosenberg

In this Friday, July 28, 2013 photo, Michael Maher, co-owner of Taylor Stitch, poses for a portrait at his shop in San Francisco. Saving for retirement just isnít a priority for Michael Maher, 28, co-owner of Taylor Stitch, a four-year-old clothing retailer based in San Francisco. He and his partners used their own savings to start and build the company, and theyíre relying on their cash flow to buy inventory and run the business. (AP Photo/Marcio Jose Sanchez)

NEW YORK, NY (AP) – Kari Warberg Block calls it her day of reckoning. It was the day 10 years ago that she realized she had saved nothing for her retirement.

“I started thinking about all the money that had run through my hands over the years, millions of dollars,” says Block, owner of Earth-Kind, a manufacturer of rat and mice repellent. “I was sick to my stomach.”

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Posted by FanSite on Aug 1st, 2013 and filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site

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