Aug 12, 2026 · 6 min · 6 segments
James Jack sits down with NewtekOne CEO Barry Sloane to discuss retirement planning, employee benefits, health care costs, and strategies that help business owners build long-term financial security.
James JackHost
So, so Barry, if, if a business owner has reinvested heavily in their business but hasn't focused much on building wealth outside of it, uh, how can retirement planning help them turn business success into personal financial security?
Most business owners have the vast majority of their wealth tied up in the company itself, which makes sense since that's where you put your time and energy, but also means you're carrying a lot of concentrated risk.
A properly structured retirement program is one of the best tools for starting to move that wealth off the business's balance sheet and onto your personal balance sheet and onto the balance sheets of the key executives helping drive your company's growth.
That can include 401[k] plans, profit sharing, cash balance plans, supplemental executive retirement programs, and individual wealth planning layered on top.
The right design also helps you attract, reward, and retain the employees who are critical to your company's growth.
It's worth periodically stepping back and asking, "Does the company's overall benefits of spending actually support my long-term financial goals, or is it working against them?"
So, so Barry, if, if a business owner has reinvested heavily in their business but hasn't focused much on building wealth outside of it, uh, how can retirement planning help them turn business success into personal financial security?
Most business owners have the vast majority of their wealth tied up in the company itself, which makes sense since that's where you put your time and energy, but also means you're carrying a lot of concentrated risk.
A properly structured retirement program is one of the best tools for starting to move that wealth off the business's balance sheet and onto your personal balance sheet and onto the balance sheets of the key executives helping drive your company's growth.
That can include 401[k] plans, profit sharing, cash balance plans, supplemental executive retirement programs, and individual wealth planning layered on top.
The right design also helps you attract, reward, and retain the employees who are critical to your company's growth.
It's worth periodically stepping back and asking, "Does the company's overall benefits of spending actually support my long-term financial goals, or is it working against them?"
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