Retirement Planning for Therapists in Private Practice: A Simple Guide for Solo Practice Owners

Описание: Retirement planning can feel overwhelming, especially as a solo practice owner. If you’re a therapist in private practice, there’s no employer setting up a 401(k) for you — which means both the responsibility and the opportunity sit with you.

In this video, I walk through retirement planning options for solo therapists and how they connect to your future and your business taxes. We cover common plans like Traditional and Roth IRAs, SEP IRAs, and Solo 401(k)s, and why the goal isn’t choosing the “perfect” plan, but simply starting with one that fits your situation right now.

We also cover:
• How retirement contributions can lower your taxable income
• Why consistency matters more than the amount you start with
• When timing impacts your tax deductions
• Common fears that keep solo practice owners from getting started

This episode is designed to help you view retirement planning not as an all-or-nothing decision, but as a steady, long-term strategy that supports both your future lifestyle and your current tax planning.

Timestamps:
00:00 – Retirement Planning for Solo Practice Owners
00:30 – Why Retirement Matters for Your Business and Taxes
01:20 – Shifting the All-or-Nothing Mindset
02:05 – Employer + Employee Advantage as a Solo Owner
03:35 – Common Retirement Plan Options (IRA, SEP, Solo 401k)
05:05 – How Much Should You Be Saving?
06:00 – Contribution Timing & Tax Deadlines
06:35 – Tax Advantages of Retirement Contributions
07:35 – Fear-Based Thinking Around Retirement
08:50 – Starting Small and Building Consistency

💚 About Open Books Accounting
I’m Lauren Hamilton, founder of Open Books Accounting. I support therapists with bookkeeping, accounting, and tax guidance for private practice, designed to feel clear, judgment-free, and steady.

✨ Want clearer support around your practice finances? Let’s chat.
[https://www.openbooks.llc/contact](https://www.openbooks.llc/contact)

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