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The Entrepreneurial Agenda by Robb Mandelbaum

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October 8, 2006

Should You Take Money Out of Your Business?

Posted by Jeff Lancaster at 1:09 PM

Entrepreneurs are quick to reinvest profits back into their companies. But the key to retirement just might be outside investments.

Successful entrepreneurs often plow all of their profits right back into their companies. For many, the business is all, and the decision seems easy. But that strategy can actually result in prolonged periods of hard work that produce incremental riches you may not need or want. Diversification deserves some consideration.

More specifically, taking some money out of your company and designing an investment program that has a low correlation to its success may be key to a comfortable retirement. This is an investment issue, but it is also a financial-planning one.

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