Some decisions on who to call or get advice from are easy, while others can take some time to figure out.
I had a co-worker, Ben, whose car broke down on the interstate last week. After calming down from the frustration, he had to decide who to call. With today’s modern technology, a simple internet search tracking his position through GPS would be sufficient. A search phrase to the effect of “towing and car repair service” accomplished the job. The decision on what type of industry to call was simple and obvious.
As a child, when I had a problem, I went to my father or mother to solve it. Upon maturing and entering society, I began to learn who to call in order to resolve certain issues. Call the power company when the power gets shut off, and pay the bill. Call the water company when the water gets shut off, and pay the bill. Call the cable company… well, you get the idea. One learns to call the source or experts of the issue that one is facing, and in 401(k) retirement plans, it is no different.
Through working with independent community pharmacy owners, we often find that owners do not know the best place to get their 401(k) retirement plan information. After all, one can’t walk into the 401(k) shop and see which one fits the best. Owners find advice everywhere from lawyers and CPAs to a golf buddy or brother-in-law who is good with numbers. While all these examples may and, in the case of lawyers and CPAs, should play a part in the decision and process, maybe they are not the best place to start. Why not start with a company that specializes in 401(k) retirement plans. Better yet, why not start with a company that specializes in Pharmacy 401(k) plans.
Pharmacy401k was created because a simple place for pharmacy owners to start planning retirement was needed. Pharmacy owners can not only find the information they need, but work with an advisor to create a custom plan that will achieve their goals for retirement, while improving their ability to attract, retain, and reward their most valuable employees.
If you are a pharmacy owner and would like talk to someone who specializes in 401(k) plans for pharmacies, please contact me at tyler@waypointus.com or click the link below.
