Retirement saving options for an entrepreneur
Koskiranta, Jami; Myöhänen, Netta (2019)
Koskiranta, Jami
Myöhänen, Netta
2019
All rights reserved. This publication is copyrighted. You may download, display and print it for Your own personal use. Commercial use is prohibited.
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2019101119864
https://urn.fi/URN:NBN:fi:amk-2019101119864
Tiivistelmä
Entrepreneurs need to figure out their retirement saving plan on their own. YEL-insurance is mandatory for entrepreneurs to take, but if one wants to increase pension, there are several options for gaining more. A bachelor’s thesis was carried out to study the specifics of YEL-insurance and alternative retirement fund options for an entrepreneur.
The aim of the study was to examine a possible retirement saving fund options and with that, give recommendations for retirement saving plan for the owner of BioComb Huolto Ltd. The topic was approached inductively by using qualitative research method. The secondary data were gathered from reliable published sources such as literature and internet-based sources. The primary data were collected by semi-structured interviews and an online survey. The topic is wide, and it has been limited by looking it from entrepreneur point of view and making the suggestions concerning this specific entrepreneur’s situation.
The results of the thesis showed that there is a lack of knowledge among entrepreneurs considering the retirement saving plan options. It also showed that retirement saving plan is individual for each entrepreneur, there is not one right plan for all entrepreneurs to execute. It cannot be promised which method will be successful, but it can be researched which method is the most suitable for one’s situation and needs. It all starts by making a plan. The recommendations given for entrepreneur was suitable for him. Taking into account his circumstances, it was recommended he would use investment fund and ETF’s.
The aim of the study was to examine a possible retirement saving fund options and with that, give recommendations for retirement saving plan for the owner of BioComb Huolto Ltd. The topic was approached inductively by using qualitative research method. The secondary data were gathered from reliable published sources such as literature and internet-based sources. The primary data were collected by semi-structured interviews and an online survey. The topic is wide, and it has been limited by looking it from entrepreneur point of view and making the suggestions concerning this specific entrepreneur’s situation.
The results of the thesis showed that there is a lack of knowledge among entrepreneurs considering the retirement saving plan options. It also showed that retirement saving plan is individual for each entrepreneur, there is not one right plan for all entrepreneurs to execute. It cannot be promised which method will be successful, but it can be researched which method is the most suitable for one’s situation and needs. It all starts by making a plan. The recommendations given for entrepreneur was suitable for him. Taking into account his circumstances, it was recommended he would use investment fund and ETF’s.