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It is becoming more common for us to see retirement plans where the owners are not able to fully fund their portion because it is tremendously expensive because of the employees.  We have a special retirement plan design that may allow you (the owner) to maximize your contributions in a very efficient way for the pharmacy cash flow.  We believe that this is one way you should be rewared for taking the risk of pharmacy ownership.  This site is dedicated helping you create a more efficient benefit for the company and fulfill your responsibilities for being a plan sponsor.

Pharmacy 401k plans are a great way to save money and provide a benefit to your employees. Please visit the website at www.pharmacy401k.com to learn more.  Below is Waypoint's blog dedicated to pharmacy 401k plans and retirement planning for pharmacy owners.

Pharmacy Owners Taking Control and Becoming Inspired

Posted by Tyler Campbell on Wed, Aug 31, 2016 @ 07:54 AM


Although different for everyone, some moments and decisions can alter your life path forever. In pharmacy, one might consider obtaining a degree, getting a new job, quitting a job, deciding to become an owner, and retirement to be turning points. Some events are random and cannot be controlled; others are more calculated and planned.

A small amount of planning goes a long way. It might have taken me the better part of thirty some years to figure that out, but it is the single most effective thing I have learned for meeting goals. Starting with a list of short-term, mid-term, and long-term goals, one can figure out what is important to them and recognize future events that will be life changing. Short-term goals help you reach mid-term goals, which help you reach long-term goals. While we can’t control everything, we can control whether or not we plan. When talking and developing personal goals with pharmacy owners, one life altering event typically involved is life after pharmacy. I have met and worked with many owners who have a goal to “accumulate enough wealth to retire on my terms.” That is a wonderful goal, and it is important to reach it. So what is the plan?

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While few have cracked the code to planning what happens to their pharmacy and themselves at retirement, for the majority, the plan is “I need to plan”. Deciding to take control and plan is a very empowering defining moment in a person’s life. It is inspiring. By setting goals, taking the time to plan, and achieving them, one grows in confidence, pride, and success.

If you are ready to take control and develop a plan for you and your pharmacy, check us out at www.pharmacy401k.com or contact me at tyler@waypointus.com. We specialize in helping you create an inspired life after pharmacy.

Fill Out the Inspired Independence Starter Kit  to Participate In a Complimentary Goals Workshop



 

Topics: pharmacy retirement plan, community pharmacy independence, written goals

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