Idaho Retirement Savings Program: Opinions of Small Business Owners: Infographic

Lack of workplace retirement plan adoption by small business owners is driving todays retirement savings crisis. This paper addresses how the use of two artefacts that were developed and implemented using nudging principles influenced small business owners to adopt workplace retirement plans at a much higher rate.

Download Full-text

2016 AARP Survey of Rhode Island Small Business Owners: State Retirement Savings Plan

10.26419/res.00190.001 ◽

2017 ◽

Author(s):

Jennifer Sauer

Keyword(s):

Small Business ◽

Rhode Island ◽

Business Owners ◽

Small Business Owners ◽

Retirement Savings

Download Full-text

Idaho Retirement Savings Program: Opinions of Small Business Owners

10.26419/res.00325.001 ◽

2020 ◽

Author(s):

Lona Choi-Allum

Keyword(s):

Small Business ◽

Business Owners ◽

Small Business Owners ◽

Retirement Savings

Download Full-text

Self-employment: is it a long-term financial strategy for women?

Equality Diversity and Inclusion An International Journal ◽

10.1108/edi-10-2016-0078 ◽

2017 ◽

Vol 36 (4) ◽

pp. 362-375 ◽

Cited By ~ 3

Author(s):

Janice Redmond ◽

Elizabeth Anne Walker ◽

Jacquie Hutchinson

Keyword(s):

Small Business ◽

Homeless People ◽

Business Owners ◽

Work And Family ◽

Small Business Owners ◽

Retirement Savings ◽

Convenience Sample ◽

Content Type ◽

Self Employment ◽

On Line

Purpose Becoming self-employed has appeal to both genders. For many women, balancing work and family is a key motivator. However, businesses owned and operated by women are often very small, with limited turnover. This potentially can have disastrous consequences when these women come to retire, unless a solid retirement savings strategy has been considered. The purpose of this paper is to outline many of the issues and implications of a lack of research in this area. Design/methodology/approach Data were collected from 201 small business owners via a convenience sample derived from various databases. The survey was completed on-line and analysed using SPSS. Findings Many self-employed women in Australia have neither enough savings for their retirement, or an actual retirement plan. This is exacerbated by the lack of regulation requiring mandatory contributions into a superannuation (personal pension) fund by small business owners, unlike pay as you go employees, whose employers must contribute a certain about on their behalf. Social implications Middle-to-older aged women are the biggest cohort of homeless people in Australia. This is likely to grow as self-employed Baby Boomers stop working and find they do not have sufficient personal financial resources to fund their retirement. Originality/value Whereas there is much written about gender and small business ownership, as well as retirement and savings planning, these two areas have not been researched before in Australia. Yet it is an issue for the majority of small business owners, particularly women.

Download Full-text